Quick charity verification for United Way Inc (EIN: 10241767)
Verdict: United Way Inc appears trustworthy
85/100Mission Score
$11.5MRevenue
$20.2MAssets
1Red Flags
4Strengths
Red Flags
Operating deficit in the most recent fiscal year (202306) where expenses ($13,922,816) exceeded revenue ($12,277,892) by over $1.6 million.
Strengths
Consistent asset growth over the past decade, reaching $22,491,063 in 2023.
No reported officer compensation across all provided filings, indicating high transparency and potentially efficient use of funds.
Strong financial reserves, with assets significantly exceeding annual expenses and liabilities.
Consistent and timely filing of IRS Form 990s over 13 periods, demonstrating regulatory compliance and transparency.
Spending Breakdown
How United Way 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 Way Inc
Is United Way Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, United Way Inc (EIN: 10241767) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is United Way Inc a good charity to donate to?
United Way Inc has a Mission Score of 85/100. Revenue: $11.5M. Assets: $20.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for United Way Inc?
The Employer Identification Number (EIN) for United Way Inc is 10241767. 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 Way Inc spend its money?
United Way Inc allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify United Way Inc's tax-exempt status?
You can verify United Way Inc's tax-exempt status using EIN 10241767 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
United Way Inc. demonstrates a generally stable financial position with consistent revenue streams over the past decade, averaging around $9-12 million annually. While the organization experienced a deficit in the most recent fiscal period (202306) with expenses exceeding revenue by over $1.6 million ($13,922,816 vs. $12,277,892), this follows a significant surplus in the prior year (202206) of over $2.7 million. This fluctuation suggests a need to examine the specific drivers of these changes, but overall assets have grown steadily, reaching over $22 million in 2023. The organization's consistent reporting and the absence of reported officer compensation indicate a commitment to transparency regarding executive pay, which is a positive sign for donors.
The organization's financial health appears robust, supported by substantial assets relative to its annual expenses. The liabilities have remained manageable, typically ranging from $1.7 million to $4.5 million, indicating good financial stewardship. The consistent filing of IRS Form 990s over 13 periods further underscores a commitment to regulatory compliance and public transparency. While the 2023 deficit warrants attention, the overall trend of asset growth and the significant surplus in 2022 suggest a resilient financial model capable of absorbing periodic fluctuations.