Quick charity verification for United Way Of Central New York Inc (EIN: 150532073)
Verdict: United Way Of Central New York Inc shows mixed signals
65/100Mission Score
$14.0MRevenue
$10.1MAssets
3Red Flags
3Strengths
Red Flags
Consistent operational deficits: Expenses exceeded revenues in 9 out of 10 reported periods, including a $794,582 deficit in 202306.
Lack of transparency in executive compensation: 0% officer compensation reported across all filings, which is unusual for an organization with nearly $10 million in annual expenses.
Declining revenue trend: Latest revenue of $9,093,701 (202306) is lower than the peak of $9,530,107 (202006), indicating a potential challenge in fundraising or donor retention.
Strengths
Stable asset base: Assets have consistently been over $8 million, reaching $8,999,113 in 202306, providing a financial cushion.
Consistent service delivery: Despite financial fluctuations, the organization has maintained a significant level of expenses (around $8-10 million annually), suggesting ongoing program delivery.
Long operational history: Over 12 filings indicate a well-established presence and experience in the community.
Spending Breakdown
How United Way Of Central New York 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 Of Central New York Inc
Is United Way Of Central New York Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, United Way Of Central New York Inc (EIN: 150532073) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is United Way Of Central New York Inc a good charity to donate to?
United Way Of Central New York Inc has a Mission Score of 65/100. Revenue: $14.0M. Assets: $10.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for United Way Of Central New York Inc?
The Employer Identification Number (EIN) for United Way Of Central New York Inc is 150532073. 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 Central New York Inc spend its money?
United Way Of Central New York 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 Of Central New York Inc's tax-exempt status?
You can verify United Way Of Central New York Inc's tax-exempt status using EIN 150532073 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 Central New York Inc demonstrates consistent financial activity, with revenues and expenses generally hovering around the $8-10 million mark over the past decade. In the latest reported period (202306), the organization reported revenues of $9,093,701 against expenses of $9,888,283, indicating a deficit for that year. This trend of expenses exceeding revenue has been observed in several recent periods, including 202206 and 202106, which could warrant closer examination of their financial sustainability model if it continues.
The organization's assets have remained relatively stable, with the latest reported assets at $8,999,113. A notable aspect of their financial reporting is the consistent 0% officer compensation across all available filings. While this might suggest that executive compensation is not reported under 'officer compensation' or that officers are unpaid, it requires further investigation to understand the full picture of leadership remuneration. This lack of reported officer compensation on the 990s could be a point of concern for transparency, as it makes it difficult to assess how much is being allocated to top leadership.
Overall, the organization appears to be managing a significant level of funds, but the recurring operational deficits in recent years suggest a need for strategic financial planning to ensure long-term stability. The absence of reported officer compensation on the provided data points is a significant gap in transparency regarding executive pay.