Quick charity verification for United Negro College Fund Inc (EIN: 131624241)
Verdict: United Negro College Fund Inc appears trustworthy
85/100Mission Score
$536.3MRevenue
$892.4MAssets
1Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation reported, which may obscure actual executive pay details without further investigation of full 990s.
Strengths
Strong and growing asset base, reaching $917,027,785 in 202403, indicating financial stability.
Consistent financial surpluses in recent years (e.g., $250,935,174 revenue vs. $195,036,675 expenses in 202403).
Significant revenue generation capacity, with latest revenue at $536,334,191.
Low liabilities relative to assets, demonstrating a healthy balance sheet.
Spending Breakdown
How United Negro College Fund Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about United Negro College Fund Inc
Is United Negro College Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, United Negro College Fund Inc (EIN: 131624241) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is United Negro College Fund Inc a good charity to donate to?
United Negro College Fund Inc has a Mission Score of 85/100. Revenue: $536.3M. Assets: $892.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for United Negro College Fund Inc?
The Employer Identification Number (EIN) for United Negro College Fund Inc is 131624241. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does United Negro College Fund Inc spend its money?
United Negro College Fund Inc allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify United Negro College Fund Inc's tax-exempt status?
You can verify United Negro College Fund Inc's tax-exempt status using EIN 131624241 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The United Negro College Fund Inc (UNCF) demonstrates a generally strong financial position, with assets consistently exceeding liabilities across all reported periods. The organization has shown significant revenue fluctuations, with a notable peak of $536,334,191 in its latest reported period, and a low of $74,869,324 in 201903. Despite these variations, UNCF has consistently managed its expenses, maintaining a healthy surplus in most recent years, such as in 202403 where revenue was $250,935,174 against expenses of $195,036,675. The consistent reporting of 0% for officer compensation across all filings suggests that executive compensation is either not reported in this specific field or is handled through other mechanisms, which could warrant further investigation for complete transparency. The organization's substantial asset base, reaching $917,027,785 in 202403, indicates long-term financial stability and capacity to fulfill its mission.