Reaching U A Foundation For Uruguay
Reaching U A Foundation For Uruguay shows strong asset growth and zero officer compensation despite periods of deficit spending.
EIN: 10599150 · Key Biscayne, FL · NTEE: Q33 · Updated: 2026-03-28
Is Reaching U A Foundation For Uruguay Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Reaching U A Foundation For Uruguay directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Reaching U A Foundation For Uruguay
Reaching U A Foundation For Uruguay (EIN: 10599150) is a nonprofit organization based in Key Biscayne, FL, classified under NTEE code Q33. The organization reported total revenue of $1.7M and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Reaching U A Foundation For Uruguay's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Reaching U A Foundation For Uruguay is a mid-size nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.6M |
| Surplus / Deficit | $-434,829 |
| Total Assets | $2.8M |
| Total Liabilities | $369K |
| Net Assets | $2.4M |
| Operating Margin | -36.8% |
| Debt-to-Asset Ratio | 13.4% |
| Months of Reserves | 20.5 months |
Financial Health Grade: B
In 2023, Reaching U A Foundation For Uruguay reported a deficit of $435K with expenses exceeding revenue, holds 20.5 months of operating reserves (strong position), has a debt-to-asset ratio of 13.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Reaching U A Foundation For Uruguay's revenue has grown at a compound annual growth rate (CAGR) of 11.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -35.3% | +15.0% | -7.5% |
| 2022 | -4.5% | +41.1% | +20.0% |
| 2021 | +60.6% | +14.1% | +64.7% |
| 2020 | +60.4% | +12.0% | +29.7% |
| 2019 | -48.8% | -72.6% | -3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Reaching U A Foundation For Uruguay with a Mission Score of 90 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, Reaching U A Foundation For Uruguay 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 deficit of $435K, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is a highly positive sign, suggesting a volunteer-led executive structure and a strong commitment to directing all funds towards programmatic activities.
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 Reaching U A Foundation For Uruguay's IRS 990 filings:
- Periods of significant expense exceeding revenue (e.g., 2023, 2018, 2015) could indicate reliance on reserves or inconsistent fundraising.
Strengths
The following positive indicators were identified for Reaching U A Foundation For Uruguay:
- Consistent 0% officer compensation across all filings, indicating strong commitment to mission.
- Healthy and growing asset base, reaching $2,760,037 in 2023, providing financial stability.
- Substantial revenue generation, with latest revenue at $1,711,866, demonstrating fundraising capacity.
Frequently Asked Questions about Reaching U A Foundation For Uruguay
Is Reaching U A Foundation For Uruguay a legitimate charity?
Based on AI analysis of IRS 990 filings, Reaching U A Foundation For Uruguay (EIN: 10599150) some concerns. Mission Score: 90/100. 1 red flag identified, 3 strengths noted.
How does Reaching U A Foundation For Uruguay spend its money?
Reaching U A Foundation For Uruguay directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Reaching U A Foundation For Uruguay tax-deductible?
Reaching U A Foundation For Uruguay is registered as a tax-exempt nonprofit (EIN: 10599150). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Reaching U A Foundation For Uruguay a good charity?
Based on the available data, Reaching U A Foundation For Uruguay appears to be a good charity. It demonstrates strong program focus, zero officer compensation, and a healthy asset base. While there are periods where expenses exceed revenue, the overall financial health and commitment to its mission are positive.
How does the organization manage its expenses when they exceed revenue?
In years where expenses exceed revenue (e.g., 2023, 2018, 2015), the organization likely draws upon its accumulated assets or prior year surpluses to cover the difference. For instance, in 2023, expenses were $1,616,780 against revenues of $1,181,951, resulting in a deficit that would need to be covered by existing funds.
What is the trend in the organization's assets?
The organization's assets have shown a general upward trend over the past decade, from $1,163,874 in 2019 to $2,760,037 in 2023, indicating financial growth and stability, despite some fluctuations.
Filing History
IRS 990 filing history for Reaching U A Foundation For Uruguay showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Reaching U A Foundation For Uruguay's revenue has grown by 249.2%, moving from $338K to $1.2M. Total assets increased by 554.3% over the same period, from $422K to $2.8M. Total functional expenses rose by 335.8%, from $371K to $1.6M. In its most recent filing year (2023), Reaching U A Foundation For Uruguay reported a deficit of $435K, with expenses exceeding revenue. The organization holds $369K in liabilities against $2.8M in assets (debt-to-asset ratio: 13.4%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.6M | $2.8M | $369K | — | — |
| 2022 | $1.8M | $1.4M | $3.0M | $202K | — | View 990 |
| 2021 | $1.9M | $997K | $2.5M | $124K | — | View 990 |
| 2020 | $1.2M | $874K | $1.5M | $63K | — | — |
| 2019 | $742K | $780K | $1.2M | $34K | — | View 990 |
| 2018 | $1.4M | $2.8M | $1.2M | $33K | — | View 990 |
| 2017 | $4.5M | $3.3M | $2.7M | $9K | — | View 990 |
| 2016 | $1.7M | $2.4M | $1.5M | $88K | — | View 990 |
| 2015 | $1.5M | $4.4M | $2.2M | $109K | — | View 990 |
| 2014 | $5.3M | $1.1M | $5.1M | $116K | — | View 990 |
| 2013 | $621K | $482K | $737K | $43K | — | View 990 |
| 2012 | $622K | $437K | $582K | $27K | — | View 990 |
| 2011 | $338K | $371K | $422K | $53K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.6M, and assets of $2.8M (revenue -35.3% year-over-year).
- 2022: Revenue of $1.8M, expenses of $1.4M, and assets of $3.0M (revenue -4.5% year-over-year).
- 2021: Revenue of $1.9M, expenses of $997K, and assets of $2.5M (revenue +60.6% year-over-year).
- 2020: Revenue of $1.2M, expenses of $874K, and assets of $1.5M (revenue +60.4% year-over-year).
- 2019: Revenue of $742K, expenses of $780K, and assets of $1.2M (revenue -48.8% year-over-year).
- 2018: Revenue of $1.4M, expenses of $2.8M, and assets of $1.2M (revenue -68.0% year-over-year).
- 2017: Revenue of $4.5M, expenses of $3.3M, and assets of $2.7M (revenue +173.8% year-over-year).
- 2016: Revenue of $1.7M, expenses of $2.4M, and assets of $1.5M (revenue +8.7% year-over-year).
- 2015: Revenue of $1.5M, expenses of $4.4M, and assets of $2.2M (revenue -71.5% year-over-year).
- 2014: Revenue of $5.3M, expenses of $1.1M, and assets of $5.1M (revenue +761.3% year-over-year).
- 2013: Revenue of $621K, expenses of $482K, and assets of $737K (revenue -0.2% year-over-year).
- 2012: Revenue of $622K, expenses of $437K, and assets of $582K (revenue +83.9% year-over-year).
- 2011: Revenue of $338K, expenses of $371K, and assets of $422K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Reaching U A Foundation For Uruguay:
Data Sources and Methodology
This transparency report for Reaching U A Foundation For Uruguay 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.