Ub Associates Inc
Ub Associates Inc maintains stable operations with significant asset growth and corresponding liabilities, reporting no officer compensation.
EIN: 161559460 · Buffalo, NY · NTEE: B020 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.9M |
| Total Expenses | $11.3M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $11 |
| Net Assets | $2.2M |
| Transparency Score | 75/100 |
Is Ub Associates Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ub Associates Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ub Associates Inc
Ub Associates Inc (EIN: 161559460) is a nonprofit organization based in Buffalo, NY, classified under NTEE code B020. The organization reported total revenue of $11.9M and total assets of $56.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ub Associates Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ub Associates Inc is a large nonprofit that has been operating for 26 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.4M |
| Total Expenses | $11.3M |
| Surplus / Deficit | +$148K |
| Total Assets | $61.8M |
| Total Liabilities | $59.5M |
| Net Assets | $2.2M |
| Operating Margin | 1.3% |
| Debt-to-Asset Ratio | 96.4% |
| Months of Reserves | 65.7 months |
Financial Health Grade: A
In 2023, Ub Associates Inc reported a surplus of $148K with revenue exceeding expenses, holds 65.7 months of operating reserves (strong position), has a debt-to-asset ratio of 96.4% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Ub Associates Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.8% | +5.9% | -5.3% |
| 2022 | +11.4% | +6.5% | +615.7% |
| 2021 | -10.1% | -4.4% | -5.9% |
| 2020 | +2.1% | -1.8% | -7.1% |
| 2019 | -8.4% | -0.1% | -13.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
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 Ub Associates Inc with a Mission Score of 75 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: 80%
- fundraising: 5%
According to IRS 990 filings, Ub Associates Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $148K, with revenue exceeding expenses.
- Debt-to-asset ratio: 96.4%.
Executive Compensation Analysis
Ub Associates Inc consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size with over $11 million in annual revenue and $61 million in assets, suggesting executive compensation may be categorized differently or the organization is entirely volunteer-led at the executive level.
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 Ub Associates Inc's IRS 990 filings:
- Consistent 0% officer compensation reported despite significant revenue and assets, which is atypical for an organization of this scale.
- Dramatic increase in liabilities from $6,926,554 in 2021 to $59,547,503 in 2023, requiring further explanation.
- Significant increase in assets from $9,112,520 in 2021 to $61,762,539 in 2023, which, while positive, needs context regarding its nature and funding.
Strengths
The following positive indicators were identified for Ub Associates Inc:
- Consistent operational stability with revenues generally covering expenses over a decade.
- Long history of IRS 990 filings (14 filings), indicating a commitment to regulatory compliance.
- Substantial asset growth, from $9.1 million in 2021 to $61.7 million in 2023, potentially indicating significant expansion or investment.
Frequently Asked Questions about Ub Associates Inc
Is Ub Associates Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ub Associates Inc (EIN: 161559460) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Ub Associates Inc spend its money?
Ub Associates Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ub Associates Inc tax-deductible?
Ub Associates Inc is registered as a tax-exempt nonprofit (EIN: 161559460). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Ub Associates Inc CEO make?
Ub Associates Inc's highest-compensated officer earns $11 annually. The organization reported $11.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Ub Associates Inc's spending goes to programs?
Ub Associates Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ub Associates Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Ub Associates Inc is above average for NTEE category B020 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ub Associates Inc located?
Ub Associates Inc is headquartered in Buffalo, New York and files with the IRS under EIN 161559460. It is classified under NTEE code B020.
How many years of IRS 990 filings does Ub Associates Inc have?
Ub Associates Inc 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 $11.9M in total revenue.
What caused the substantial increase in assets and liabilities from $9.1 million in 2021 to $61.7 million in 2023?
The IRS 990 filings show a dramatic increase in both assets and liabilities for Ub Associates Inc between 2021 and 2023. In 2021, assets were $9,112,520 and liabilities were $6,926,554. By 2023, assets surged to $61,762,539 and liabilities to $59,547,503. This significant change suggests a major financial event, such as acquiring substantial property, taking on significant debt for expansion, or a change in accounting for certain funds, which would require further detail from the organization to understand fully.
Is Ub Associates Inc a good charity?
Ub Associates Inc demonstrates consistent operational stability with revenues generally covering expenses. The organization's consistent filing of IRS 990s indicates a commitment to transparency. However, the lack of reported officer compensation and the dramatic increase in assets and liabilities without further explanation are areas that would need clarification to fully assess its 'goodness' as a charity. Its NTEE code B020 suggests a focus on community improvement and capacity building, which aligns with a charitable mission.
How does Ub Associates Inc manage its executive compensation?
Ub Associates Inc consistently reports 0% for officer compensation in all available IRS 990 filings. This is highly unusual for an organization with over $11 million in annual revenue and significant assets. It either implies that the executive leadership is entirely volunteer-based, or that executive compensation is being reported under other expense categories, which would reduce transparency regarding leadership salaries.
What is the organization's long-term financial stability given the fluctuating assets and liabilities?
While Ub Associates Inc has consistently managed to keep expenses close to or below revenue, indicating operational stability, the significant fluctuations in assets and liabilities, particularly the sharp increase from 2021 to 2023, introduce a degree of uncertainty regarding long-term financial stability. The organization's ability to manage its increased liabilities will be crucial for its future financial health.
Filing History
IRS 990 filing history for Ub Associates Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Ub Associates Inc's revenue has grown by 69.6%, moving from $6.7M to $11.4M. Total assets increased by 95.6% over the same period, from $31.6M to $61.8M. Total functional expenses rose by 66.7%, from $6.8M to $11.3M. In its most recent filing year (2023), Ub Associates Inc reported a surplus of $148K, with revenue exceeding expenses. The organization holds $59.5M in liabilities against $61.8M in assets (debt-to-asset ratio: 96.4%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.4M | $11.3M | $61.8M | $59.5M | — | — |
| 2022 | $10.8M | $10.7M | $65.2M | $63.1M | — | View 990 |
| 2021 | $9.7M | $10.0M | $9.1M | $6.9M | — | View 990 |
| 2020 | $10.8M | $10.5M | $9.7M | $7.4M | — | View 990 |
| 2019 | $10.6M | $10.7M | $10.4M | $8.5M | — | View 990 |
| 2018 | $11.5M | $10.7M | $12.0M | $10.2M | — | View 990 |
| 2017 | $11.2M | $11.6M | $13.9M | $12.9M | — | — |
| 2016 | $9.5M | $9.8M | $12.8M | $11.4M | — | View 990 |
| 2015 | $8.1M | $10.1M | $13.0M | $11.3M | — | View 990 |
| 2014 | $9.3M | $10.3M | $19.4M | $15.4M | — | View 990 |
| 2013 | $13.2M | $16.3M | $24.7M | $19.8M | — | View 990 |
| 2012 | $17.1M | $15.5M | $35.7M | $27.5M | — | View 990 |
| 2011 | $25.9M | $20.2M | $25.5M | $6.0M | — | View 990 |
| 2010 | $6.7M | $6.8M | $31.6M | $30.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.4M, expenses of $11.3M, and assets of $61.8M (revenue +5.8% year-over-year).
- 2022: Revenue of $10.8M, expenses of $10.7M, and assets of $65.2M (revenue +11.4% year-over-year).
- 2021: Revenue of $9.7M, expenses of $10.0M, and assets of $9.1M (revenue -10.1% year-over-year).
- 2020: Revenue of $10.8M, expenses of $10.5M, and assets of $9.7M (revenue +2.1% year-over-year).
- 2019: Revenue of $10.6M, expenses of $10.7M, and assets of $10.4M (revenue -8.4% year-over-year).
- 2018: Revenue of $11.5M, expenses of $10.7M, and assets of $12.0M (revenue +3.3% year-over-year).
- 2017: Revenue of $11.2M, expenses of $11.6M, and assets of $13.9M (revenue +17.0% year-over-year).
- 2016: Revenue of $9.5M, expenses of $9.8M, and assets of $12.8M (revenue +17.8% year-over-year).
- 2015: Revenue of $8.1M, expenses of $10.1M, and assets of $13.0M (revenue -12.8% year-over-year).
- 2014: Revenue of $9.3M, expenses of $10.3M, and assets of $19.4M (revenue -29.8% year-over-year).
- 2013: Revenue of $13.2M, expenses of $16.3M, and assets of $24.7M (revenue -22.4% year-over-year).
- 2012: Revenue of $17.1M, expenses of $15.5M, and assets of $35.7M (revenue -34.2% year-over-year).
- 2011: Revenue of $25.9M, expenses of $20.2M, and assets of $25.5M (revenue +284.7% year-over-year).
- 2010: Revenue of $6.7M, expenses of $6.8M, and assets of $31.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ub Associates Inc:
Data Sources and Methodology
This transparency report for Ub Associates 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.