Is United Way Of Broome County Inc Legit? —…

Quick charity verification for United Way Of Broome County Inc (EIN: 150564074)

Strengths

Consistent 0% officer compensation reported across all filings, indicating high efficiency and dedication of funds to mission.
Strong and growing asset base, reaching $36,567,066 in 2024, providing financial stability.
Generally operates with a financial surplus, such as $742,519 in 2024, demonstrating sound financial management.
Low liabilities relative to assets (e.g., $548,403 liabilities vs. $36,567,066 assets in 2024), indicating strong financial health.
Consistent IRS 990 filing history over 14 periods, showing commitment to transparency and accountability.

Spending Breakdown

How United Way Of Broome County Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

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 Of Broome County Inc

Is United Way Of Broome County Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, United Way Of Broome County Inc (EIN: 150564074) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.

Is United Way Of Broome County Inc a good charity to donate to?

United Way Of Broome County Inc has a Mission Score of 95/100. Revenue: $11.1M. Assets: $38.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for United Way Of Broome County Inc?

The Employer Identification Number (EIN) for United Way Of Broome County Inc is 150564074. 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 Of Broome County Inc spend its money?

United Way Of Broome County Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify United Way Of Broome County Inc's tax-exempt status?

You can verify United Way Of Broome County Inc's tax-exempt status using EIN 150564074 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 Of Broome County Inc demonstrates consistent financial health with a strong asset base relative to its annual expenses. For the fiscal period ending 202406, the organization reported revenues of $4,794,229 against expenses of $4,051,710, indicating a surplus. Its assets have shown steady growth, reaching $36,567,066 in 2024, up from $30,728,357 in 2016, suggesting effective asset management and financial stability. The organization consistently reports 0% officer compensation, which is a significant indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries.

The organization's spending efficiency appears robust, particularly given the consistent surpluses in most recent years. While a detailed breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the absence of officer compensation suggests a lean operational structure at the top. The substantial asset base of $36,567,066 compared to annual expenses of around $4 million provides a strong financial cushion, enabling long-term planning and resilience.

Transparency is high regarding executive compensation, with a reported 0% for officers across all available filings. This level of transparency is commendable and builds trust with donors. The consistent filing of IRS Form 990s over 14 periods further reinforces its commitment to public accountability. The organization's financial trajectory, marked by asset growth and generally positive net income, points to a well-managed and financially sound nonprofit.

Is United Way Of Broome County Inc Legit?

Verdict: United Way Of Broome County Inc appears trustworthy