Foundation For The Uptown Reinvestment Corporation
Foundation For The Uptown Reinvestment Corporation experiences significant revenue and asset growth in 2023 with zero reported officer compensation.
EIN: 202159723 · Flint, MI · NTEE: T11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.2M |
| Total Expenses | $6.6M |
| Program Spending | 85% |
| Net Assets | $14.3M |
| Transparency Score | 85/100 |
Is Foundation For The Uptown Reinvestment Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Foundation For The Uptown Reinvestment Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Foundation For The Uptown Reinvestment Corporation
Foundation For The Uptown Reinvestment Corporation (EIN: 202159723) is a nonprofit organization based in Flint, MI, classified under NTEE code T11. The organization reported total revenue of $8.2M and total assets of $7.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foundation For The Uptown Reinvestment Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Foundation For The Uptown Reinvestment Corporation is a mid-size nonprofit that has been operating for 21 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 29.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $19.9M |
| Total Expenses | $6.6M |
| Surplus / Deficit | +$13.3M |
| Total Assets | $14.3M |
| Net Assets | $14.3M |
| Operating Margin | 67.0% |
| Months of Reserves | 26.2 months |
Financial Health Grade: A
In 2023, Foundation For The Uptown Reinvestment Corporation reported a surplus of $13.3M with revenue exceeding expenses, holds 26.2 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2023), Foundation For The Uptown Reinvestment Corporation's revenue has grown at a compound annual growth rate (CAGR) of 29.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +707.6% | +94.8% | +1375.0% |
| 2022 | -61.9% | -35.2% | -48.3% |
| 2021 | +247.0% | +177.6% | +206.0% |
| 2020 | +56.7% | +57.5% | -1.1% |
| 2019 | -88.2% | -89.3% | +-0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Foundation For The Uptown Reinvestment Corporation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Foundation For The Uptown Reinvestment Corporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $13.3M, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to officers, which is highly unusual and suggests either a volunteer-led executive team or compensation is categorized differently.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Foundation For The Uptown Reinvestment Corporation's IRS 990 filings:
- Highly volatile revenue and expense figures year-over-year, making consistent financial planning and assessment challenging.
- Unusually consistent 0% officer compensation, which may obscure how executive leadership is compensated or sustained.
Strengths
The following positive indicators were identified for Foundation For The Uptown Reinvestment Corporation:
- Significant asset growth and zero liabilities in the most recent filing (2023), indicating strong financial health.
- Consistent reporting of 0% officer compensation, suggesting a commitment to directing funds away from executive salaries.
- Demonstrated ability to attract substantial funding, as evidenced by the $19.8M revenue in 2023.
Frequently Asked Questions about Foundation For The Uptown Reinvestment Corporation
Is Foundation For The Uptown Reinvestment Corporation a legitimate charity?
Foundation For The Uptown Reinvestment Corporation (EIN: 202159723) is a registered tax-exempt nonprofit based in Michigan. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $8.2M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Foundation For The Uptown Reinvestment Corporation spend its money?
Foundation For The Uptown Reinvestment Corporation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Foundation For The Uptown Reinvestment Corporation tax-deductible?
Foundation For The Uptown Reinvestment Corporation is registered as a tax-exempt nonprofit (EIN: 202159723). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Foundation For The Uptown Reinvestment Corporation's spending goes to programs?
Foundation For The Uptown Reinvestment Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Foundation For The Uptown Reinvestment Corporation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Foundation For The Uptown Reinvestment Corporation is above average for NTEE category T11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Foundation For The Uptown Reinvestment Corporation located?
Foundation For The Uptown Reinvestment Corporation is headquartered in Flint, Michigan and files with the IRS under EIN 202159723. It is classified under NTEE code T11.
How many years of IRS 990 filings does Foundation For The Uptown Reinvestment Corporation have?
Foundation For The Uptown Reinvestment Corporation has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $8.2M in total revenue.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation across all 14 filings is highly unusual for an organization of this size and revenue. It could indicate that executive leadership is entirely volunteer-based, or that compensation for key personnel is categorized under other expense lines, or paid by a related entity.
What caused the significant revenue and asset increase in 2023?
In 2023, the organization's revenue jumped to $19,872,720 from $2,460,626 in 2022, and assets increased to $14,289,440 from $968,752. This dramatic growth suggests a major new funding initiative, grant, or project that significantly expanded its financial capacity.
How does the organization manage its liabilities, given the fluctuation?
The organization has shown periods of zero liabilities (e.g., 2023, 2021, 201909, 2018), but also significant liabilities in 2015 ($24,575,020). The current zero liability status in 2023 is a strong positive indicator of financial health and effective liability management.
Filing History
IRS 990 filing history for Foundation For The Uptown Reinvestment Corporation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Foundation For The Uptown Reinvestment Corporation's revenue has grown by 2145%, moving from $885K to $19.9M. Total assets decreased by 57.6% over the same period, from $33.7M to $14.3M. Total functional expenses rose by 752.5%, from $769K to $6.6M. In its most recent filing year (2023), Foundation For The Uptown Reinvestment Corporation reported a surplus of $13.3M, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $19.9M | $6.6M | $14.3M | $0 | — | — |
| 2022 | $2.5M | $3.4M | $969K | $20 | — | View 990 |
| 2021 | $6.5M | $5.2M | $1.9M | $0 | — | View 990 |
| 2020 | $1.9M | $1.9M | $612K | $3K | — | View 990 |
| 2019 | $1.2M | $1.2M | $619K | $20 | — | View 990 |
| 2019 | $10.0M | $11.1M | $619K | $0 | — | View 990 |
| 2018 | $4.0M | $3.3M | $1.6M | $0 | — | View 990 |
| 2017 | $1.2M | $971K | $996K | $35K | — | View 990 |
| 2016 | $2.1M | $2.1M | $716K | $35K | — | View 990 |
| 2015 | $2.0M | $2.5M | $25.2M | $24.6M | — | View 990 |
| 2014 | $11.5M | $11.4M | $26.1M | $25.0M | — | View 990 |
| 2013 | $2.4M | $2.5M | $32.5M | $31.5M | — | View 990 |
| 2012 | $2.3M | $2.4M | $32.6M | $31.5M | — | View 990 |
| 2011 | $885K | $769K | $33.7M | $32.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $19.9M, expenses of $6.6M, and assets of $14.3M (revenue +707.6% year-over-year).
- 2022: Revenue of $2.5M, expenses of $3.4M, and assets of $969K (revenue -61.9% year-over-year).
- 2021: Revenue of $6.5M, expenses of $5.2M, and assets of $1.9M (revenue +247.0% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.9M, and assets of $612K (revenue +56.7% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.2M, and assets of $619K (revenue -88.2% year-over-year).
- 2019: Revenue of $10.0M, expenses of $11.1M, and assets of $619K (revenue +149.5% year-over-year).
- 2018: Revenue of $4.0M, expenses of $3.3M, and assets of $1.6M (revenue +222.5% year-over-year).
- 2017: Revenue of $1.2M, expenses of $971K, and assets of $996K (revenue -40.4% year-over-year).
- 2016: Revenue of $2.1M, expenses of $2.1M, and assets of $716K (revenue +4.7% year-over-year).
- 2015: Revenue of $2.0M, expenses of $2.5M, and assets of $25.2M (revenue -82.6% year-over-year).
- 2014: Revenue of $11.5M, expenses of $11.4M, and assets of $26.1M (revenue +369.9% year-over-year).
- 2013: Revenue of $2.4M, expenses of $2.5M, and assets of $32.5M (revenue +5.3% year-over-year).
- 2012: Revenue of $2.3M, expenses of $2.4M, and assets of $32.6M (revenue +162.4% year-over-year).
- 2011: Revenue of $885K, expenses of $769K, and assets of $33.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Foundation For The Uptown Reinvestment Corporation:
Data Sources and Methodology
This transparency report for Foundation For The Uptown Reinvestment Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.