Monadnock United Way Inc
Monadnock United Way Inc. reports recent deficit spending despite consistent revenue levels.
EIN: 20236885 · Keene, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $1.8M |
| Program Spending | 75% |
| Net Assets | $2.9M |
| Transparency Score | 70/100 |
Is Monadnock United Way Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Monadnock United Way Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Monadnock United Way Inc
Monadnock United Way Inc (EIN: 20236885) is a nonprofit organization based in Keene, NH. The organization reported total revenue of $1.7M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Monadnock United Way Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Monadnock United Way Inc is a mid-size nonprofit that has been operating for 74 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.8M |
| Surplus / Deficit | $-283,724 |
| Total Assets | $3.0M |
| Total Liabilities | $77K |
| Net Assets | $2.9M |
| Operating Margin | -18.9% |
| Debt-to-Asset Ratio | 2.6% |
| Months of Reserves | 20.0 months |
Financial Health Grade: B
In 2023, Monadnock United Way Inc reported a deficit of $284K with expenses exceeding revenue, holds 20.0 months of operating reserves (strong position), has a debt-to-asset ratio of 2.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Monadnock United Way Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.1% | +0.5% | -8.6% |
| 2022 | -34.5% | +21.5% | -9.9% |
| 2021 | +11.1% | -21.3% | +29.3% |
| 2020 | +22.5% | -3.4% | +12.6% |
| 2019 | +0.3% | +2.1% | -7.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1952 |
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 Monadnock United Way Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Monadnock United Way Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 deficit of $284K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.6%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is either unpaid or compensated through other means not categorized as officer compensation, which is highly unusual for an organization of this size and revenue.
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 Monadnock United Way Inc's IRS 990 filings:
- Consistent deficit spending in recent years (e.g., 2023 expenses $1,787,024 vs. revenue $1,503,300)
- Declining asset base from 2021 ($3,611,197) to 2023 ($2,971,718)
- Unusual consistent reporting of 0% officer compensation for an organization of this size.
Strengths
The following positive indicators were identified for Monadnock United Way Inc:
- Historically strong asset base providing financial stability (e.g., $3,070,180 latest assets)
- Consistent revenue generation above $1.5 million annually over the past decade
- Low reported officer compensation, suggesting efficient use of funds at the executive level (if accurate and complete)
Frequently Asked Questions about Monadnock United Way Inc
Is Monadnock United Way Inc a legitimate charity?
Monadnock United Way Inc (EIN: 20236885) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.7M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Monadnock United Way Inc spend its money?
Monadnock United Way Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Monadnock United Way Inc tax-deductible?
Monadnock United Way Inc is registered as a tax-exempt nonprofit (EIN: 20236885). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Monadnock United Way Inc's spending goes to programs?
Monadnock United Way Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Monadnock United Way Inc located?
Monadnock United Way Inc is headquartered in Keene, New Hampshire and files with the IRS under EIN 20236885.
How many years of IRS 990 filings does Monadnock United Way Inc have?
Monadnock United Way Inc has 13 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 $1.7M in total revenue.
Is Monadnock United Way Inc. experiencing a sustainable financial model given recent deficits?
In 2023, expenses ($1,787,024) exceeded revenue ($1,503,300) by over $280,000, and a similar deficit occurred in 2022. While assets are substantial ($2,971,718 in 2023), sustained deficit spending could impact long-term sustainability.
What is the reason for the consistent 0% officer compensation reported?
The filings consistently show 0% officer compensation. This could mean officers are volunteers, compensated through a related entity, or their compensation is categorized differently within the expense structure, which would require further investigation of the full 990 form.
How has the organization's asset base changed over time?
Assets have fluctuated, peaking at $3,611,197 in 2021 and declining to $2,971,718 in 2023. This recent decrease coincides with the deficit spending in 2022 and 2023.
What is the trend in revenue for Monadnock United Way Inc.?
Revenue has varied, with a high of $2,296,861 in 2021 and a low of $1,503,300 in 2023. The trend shows some volatility but has generally remained above $1.5 million annually.
Filing History
IRS 990 filing history for Monadnock United Way Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Monadnock United Way Inc's revenue has declined by 27.7%, moving from $2.1M to $1.5M. Total assets increased by 27.6% over the same period, from $2.3M to $3.0M. Total functional expenses fell by 14.5%, from $2.1M to $1.8M. In its most recent filing year (2023), Monadnock United Way Inc reported a deficit of $284K, with expenses exceeding revenue. The organization holds $77K in liabilities against $3.0M in assets (debt-to-asset ratio: 2.6%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.8M | $3.0M | $77K | — | — |
| 2022 | $1.5M | $1.8M | $3.3M | $108K | — | View 990 |
| 2021 | $2.3M | $1.5M | $3.6M | $147K | — | View 990 |
| 2020 | $2.1M | $1.9M | $2.8M | $222K | — | View 990 |
| 2019 | $1.7M | $1.9M | $2.5M | $152K | — | View 990 |
| 2018 | $1.7M | $1.9M | $2.7M | $158K | — | View 990 |
| 2017 | $1.8M | $2.0M | $2.9M | $171K | — | View 990 |
| 2016 | $2.2M | $2.2M | $3.1M | $214K | — | View 990 |
| 2015 | $2.1M | $2.1M | $2.9M | $22K | — | View 990 |
| 2014 | $1.9M | $2.0M | $2.8M | $38K | — | View 990 |
| 2013 | $2.1M | $2.2M | $2.9M | $34K | — | View 990 |
| 2012 | $2.4M | $2.1M | $2.7M | $142K | — | View 990 |
| 2011 | $2.1M | $2.1M | $2.3M | $105K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.8M, and assets of $3.0M (revenue -0.1% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.8M, and assets of $3.3M (revenue -34.5% year-over-year).
- 2021: Revenue of $2.3M, expenses of $1.5M, and assets of $3.6M (revenue +11.1% year-over-year).
- 2020: Revenue of $2.1M, expenses of $1.9M, and assets of $2.8M (revenue +22.5% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.9M, and assets of $2.5M (revenue +0.3% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.9M, and assets of $2.7M (revenue -7.6% year-over-year).
- 2017: Revenue of $1.8M, expenses of $2.0M, and assets of $2.9M (revenue -16.8% year-over-year).
- 2016: Revenue of $2.2M, expenses of $2.2M, and assets of $3.1M (revenue +1.9% year-over-year).
- 2015: Revenue of $2.1M, expenses of $2.1M, and assets of $2.9M (revenue +13.4% year-over-year).
- 2014: Revenue of $1.9M, expenses of $2.0M, and assets of $2.8M (revenue -11.2% year-over-year).
- 2013: Revenue of $2.1M, expenses of $2.2M, and assets of $2.9M (revenue -11.3% year-over-year).
- 2012: Revenue of $2.4M, expenses of $2.1M, and assets of $2.7M (revenue +15.7% year-over-year).
- 2011: Revenue of $2.1M, expenses of $2.1M, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Monadnock United Way Inc:
Data Sources and Methodology
This transparency report for Monadnock United Way Inc 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.