Souris Valley United Way
EIN: 450308679 · Minot, ND · NTEE: T70Z
| Metric | Value |
|---|---|
| Total Revenue | $726K |
| Total Expenses | $815K |
| Net Assets | $1.8M |
Is Souris Valley United Way Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Souris Valley United Way
Souris Valley United Way (EIN: 450308679) is a nonprofit organization based in Minot, ND, classified under NTEE code T70Z. The organization reported total revenue of $726K and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Souris Valley United Way's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Souris Valley United Way is a small nonprofit that has been operating for 73 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 4.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $937K |
| Total Expenses | $815K |
| Surplus / Deficit | +$122K |
| Total Assets | $2.2M |
| Total Liabilities | $444K |
| Net Assets | $1.8M |
| Operating Margin | 13.0% |
| Debt-to-Asset Ratio | 20.2% |
| Months of Reserves | 32.4 months |
Financial Health Grade: A
In 2024, Souris Valley United Way reported a surplus of $122K with revenue exceeding expenses, holds 32.4 months of operating reserves (strong position), has a debt-to-asset ratio of 20.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2012–2024), Souris Valley United Way's revenue has grown at a compound annual growth rate (CAGR) of 4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +14.3% | +11.1% | +16.1% |
| 2023 | +0.9% | +10.4% | +3.8% |
| 2022 | +15.5% | -9.9% | +6.1% |
| 2021 | -26.3% | +9.5% | -5.6% |
| 2020 | +27.5% | -14.1% | +19.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1953 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Souris Valley United Way has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Souris Valley United Way with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $122K, with revenue exceeding expenses.
- Debt-to-asset ratio: 20.2%.
Frequently Asked Questions about Souris Valley United Way
Is Souris Valley United Way a legitimate charity?
Souris Valley United Way (EIN: 450308679) is a registered tax-exempt nonprofit based in North Dakota. It has 13 years of IRS 990 filings on record. Total revenue: $726K. No red flags identified. Financial health grade: A.
How does Souris Valley United Way spend its money?
Souris Valley United Way reported $726K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Souris Valley United Way tax-deductible?
Souris Valley United Way is registered as a tax-exempt nonprofit (EIN: 450308679). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Souris Valley United Way located?
Souris Valley United Way is headquartered in Minot, North Dakota and files with the IRS under EIN 450308679. It is classified under NTEE code T70Z.
How many years of IRS 990 filings does Souris Valley United Way have?
Souris Valley United Way 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 $726K in total revenue.
Filing History
IRS 990 filing history for Souris Valley United Way showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Souris Valley United Way's revenue has grown by 63.8%, moving from $572K to $937K. Total assets increased by 119.2% over the same period, from $1.0M to $2.2M. Total functional expenses rose by 101.3%, from $405K to $815K. In its most recent filing year (2024), Souris Valley United Way reported a surplus of $122K, with revenue exceeding expenses. The organization holds $444K in liabilities against $2.2M in assets (debt-to-asset ratio: 20.2%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $937K | $815K | $2.2M | $444K | — | — |
| 2023 | $820K | $733K | $1.9M | $280K | — | View 990 |
| 2022 | $812K | $664K | $1.8M | $209K | — | View 990 |
| 2021 | $704K | $737K | $1.7M | $78K | — | — |
| 2020 | $954K | $673K | $1.8M | $18K | — | View 990 |
| 2019 | $748K | $783K | $1.5M | $35K | — | View 990 |
| 2018 | $775K | $862K | $1.6M | $33K | — | View 990 |
| 2017 | $1.0M | $984K | $1.7M | $39K | — | View 990 |
| 2016 | $878K | $689K | $1.7M | $99K | — | View 990 |
| 2015 | $758K | $653K | $1.5M | $52K | — | View 990 |
| 2014 | $716K | $676K | $1.3M | $25K | — | View 990 |
| 2013 | $752K | $523K | $1.3M | $75K | — | View 990 |
| 2012 | $572K | $405K | $1.0M | $74K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $937K, expenses of $815K, and assets of $2.2M (revenue +14.3% year-over-year).
- 2023: Revenue of $820K, expenses of $733K, and assets of $1.9M (revenue +0.9% year-over-year).
- 2022: Revenue of $812K, expenses of $664K, and assets of $1.8M (revenue +15.5% year-over-year).
- 2021: Revenue of $704K, expenses of $737K, and assets of $1.7M (revenue -26.3% year-over-year).
- 2020: Revenue of $954K, expenses of $673K, and assets of $1.8M (revenue +27.5% year-over-year).
- 2019: Revenue of $748K, expenses of $783K, and assets of $1.5M (revenue -3.5% year-over-year).
- 2018: Revenue of $775K, expenses of $862K, and assets of $1.6M (revenue -25.4% year-over-year).
- 2017: Revenue of $1.0M, expenses of $984K, and assets of $1.7M (revenue +18.4% year-over-year).
- 2016: Revenue of $878K, expenses of $689K, and assets of $1.7M (revenue +15.8% year-over-year).
- 2015: Revenue of $758K, expenses of $653K, and assets of $1.5M (revenue +5.9% year-over-year).
- 2014: Revenue of $716K, expenses of $676K, and assets of $1.3M (revenue -4.8% year-over-year).
- 2013: Revenue of $752K, expenses of $523K, and assets of $1.3M (revenue +31.5% year-over-year).
- 2012: Revenue of $572K, expenses of $405K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Souris Valley United Way:
Data Sources and Methodology
This transparency report for Souris Valley United Way 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.