Is Universty College London Friends And Alumni Association Inc Legit?

Quick charity verification for Universty College London Friends And Alumni Association Inc (EIN: 133634775)

Verdict: Universty College London Friends And Alumni Association Inc appears trustworthy

75/100Mission Score

$5.0MRevenue

$14.8MAssets

2Red Flags

3Strengths

Red Flags

Periodic operating deficits (e.g., $614,645 in 2023, $1,646,539 in 2020) indicate reliance on reserves or prior surpluses.
Significant fluctuations in annual revenue and expenses, making financial forecasting potentially challenging.

Strengths

Strong and growing asset base, reaching $12,789,536 in 2023, providing financial stability.
Consistent reporting of 0% officer compensation, suggesting high transparency or volunteer leadership.
Demonstrated ability to recover from deficit years with subsequent periods of surplus, as seen in 2022 after 2020's deficit.

Spending Breakdown

How Universty College London Friends And Alumni Association Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

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 Universty College London Friends And Alumni Association Inc

Is Universty College London Friends And Alumni Association Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Universty College London Friends And Alumni Association Inc (EIN: 133634775) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.

Is Universty College London Friends And Alumni Association Inc a good charity to donate to?

Universty College London Friends And Alumni Association Inc has a Mission Score of 75/100. Revenue: $5.0M. Assets: $14.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Universty College London Friends And Alumni Association Inc?

The Employer Identification Number (EIN) for Universty College London Friends And Alumni Association Inc is 133634775. 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 Universty College London Friends And Alumni Association Inc spend its money?

Universty College London Friends And Alumni Association Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Universty College London Friends And Alumni Association Inc's tax-exempt status?

You can verify Universty College London Friends And Alumni Association Inc's tax-exempt status using EIN 133634775 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

Universty College London Friends And Alumni Association Inc (UCLFAA) demonstrates a generally stable financial position with significant assets, though its revenue and expense patterns show some volatility. In 2023, the organization reported $1,677,053 in revenue against $2,291,698 in expenses, indicating a deficit for the year. This follows a strong surplus in 2022 ($1,417,975 revenue vs. $521,352 expenses). The organization's assets have grown to $12,789,536 in 2023, up from $12,041,039 in 2022, suggesting effective asset management despite fluctuating annual operating results. The consistent reporting of 0% officer compensation across all available filings indicates a high degree of transparency regarding executive pay, or that executive functions are performed by uncompensated volunteers or staff whose compensation is not categorized as officer compensation.

While the organization maintains a healthy asset base relative to its annual operating budget, the recurring deficits in some years, such as 2023 and 2020, warrant attention. For instance, in 2020, expenses ($3,087,602) significantly outstripped revenue ($1,441,063). This suggests that the organization may rely on its accumulated assets or prior year surpluses to cover operational gaps in less favorable years. The NTEE code Q300 (University & College Alumni Associations) aligns with its mission, and the financial data generally supports its role in supporting a university, likely through fundraising and alumni engagement.

Overall, UCLFAA appears to be a financially sound organization with a strong asset base. Its transparency regarding officer compensation is commendable. However, potential donors might want to understand the reasons behind the periodic operating deficits and how these are managed to ensure long-term sustainability without excessive reliance on drawing down reserves. The organization's ability to maintain substantial assets while experiencing revenue fluctuations suggests a strategic approach to financial management, but consistent operational surpluses would further strengthen its financial health.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.