Ufa Alumni Art Fund
Ufa Alumni Art Fund operates with minimal revenue and consistent deficits, maintaining negligible assets.
EIN: 156014946 · Providence, RI · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5 |
| Total Expenses | $15 |
| Program Spending | 50% |
| Net Assets | $182 |
| Transparency Score | 40/100 |
Is Ufa Alumni Art Fund Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ufa Alumni Art Fund directs 50% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Ufa Alumni Art Fund
Ufa Alumni Art Fund (EIN: 156014946) is a nonprofit organization based in Providence, RI. The organization reported total revenue of $5 and total assets of $183 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ufa Alumni Art Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ufa Alumni Art Fund is a micro nonprofit that has been operating for 37 years, with 6 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $5 |
| Total Expenses | $15 |
| Surplus / Deficit | $-10 |
| Total Assets | $183 |
| Total Liabilities | $1 |
| Net Assets | $182 |
| Operating Margin | -200.0% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 146.4 months |
Financial Health Grade: B
In 2019, Ufa Alumni Art Fund reported a deficit of $10 with expenses exceeding revenue, holds 146.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 6 years of filings (2011–2019), Ufa Alumni Art Fund's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -16.7% | -11.8% | -27.4% |
| 2015 | -14.3% | +0.0% | -4.5% |
| 2014 | -41.7% | -15.0% | -3.3% |
| 2013 | -42.9% | +0.0% | -2.8% |
| 2012 | +425.0% | -9.1% | +0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Ufa Alumni Art Fund with a Mission Score of 40 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 30%
- programs: 50%
- fundraising: 20%
According to IRS 990 filings, Ufa Alumni Art Fund allocates its expenses as follows: admin: 30%, programs: 50%, fundraising: 20%. Approximately 50% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $10, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, which is appropriate given the organization's extremely small size and minimal financial activity.
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 Ufa Alumni Art Fund's IRS 990 filings:
- Consistent operating deficits (expenses exceed revenue in all reported periods, e.g., $5 revenue vs. $15 expenses in 2019).
- Extremely low revenue and asset base, indicating minimal operational capacity ($5 latest revenue, $183 assets).
- Declining assets over time (from $281 in 2012 to $183 in 2019), suggesting an unsustainable financial trend.
Strengths
The following positive indicators were identified for Ufa Alumni Art Fund:
- Consistent IRS 990 filing history, indicating basic compliance and transparency.
- 0% officer compensation reported across all filings, demonstrating responsible executive pay practices relative to its size.
Frequently Asked Questions about Ufa Alumni Art Fund
Is Ufa Alumni Art Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Ufa Alumni Art Fund (EIN: 156014946) significant concerns. Mission Score: 40/100. 3 red flags identified, 2 strengths noted.
How does Ufa Alumni Art Fund spend its money?
Ufa Alumni Art Fund directs 50% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ufa Alumni Art Fund tax-deductible?
Ufa Alumni Art Fund is registered as a tax-exempt nonprofit (EIN: 156014946). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ufa Alumni Art Fund's spending goes to programs?
Ufa Alumni Art Fund directs 50% to programs, 20% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Ufa Alumni Art Fund located?
Ufa Alumni Art Fund is headquartered in Providence, Rhode Island and files with the IRS under EIN 156014946.
How many years of IRS 990 filings does Ufa Alumni Art Fund have?
Ufa Alumni Art Fund has 6 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 $5 in total revenue.
Is Ufa Alumni Art Fund a good charity?
Given its extremely small scale (latest revenue $5, assets $183) and consistent operating deficits, it's difficult to assess its effectiveness as a charity. While it reports 0% officer compensation, its financial activity is too low to demonstrate significant programmatic impact.
How does Ufa Alumni Art Fund sustain itself with consistent deficits?
The organization appears to be drawing down its modest assets or relying on prior period surpluses to cover expenses, as its expenses consistently exceed its revenue (e.g., $5 revenue vs. $15 expenses in 2019). This is not a sustainable long-term financial model.
What is the primary focus of Ufa Alumni Art Fund's spending?
With total expenses of only $15 in 2019, and similar low figures in other years, it's impossible to determine a detailed spending focus from the provided summary data. The scale is too small for meaningful categorization beyond general operational costs.
Filing History
IRS 990 filing history for Ufa Alumni Art Fund showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2019), Ufa Alumni Art Fund's revenue has grown by 25%, moving from $4 to $5. Total assets decreased by 34.6% over the same period, from $280 to $183. Total functional expenses fell by 31.8%, from $22 to $15. In its most recent filing year (2019), Ufa Alumni Art Fund reported a deficit of $10, with expenses exceeding revenue. The organization holds $1 in liabilities against $183 in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $182.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $5 | $15 | $183 | $1 | — | View 990 |
| 2015 | $6 | $17 | $252 | $1 | — | View 990 |
| 2014 | $7 | $17 | $264 | $0 | — | View 990 |
| 2013 | $12 | $20 | $273 | $0 | — | View 990 |
| 2012 | $21 | $20 | $281 | $0 | — | View 990 |
| 2011 | $4 | $22 | $280 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $5, expenses of $15, and assets of $183 (revenue -16.7% year-over-year).
- 2015: Revenue of $6, expenses of $17, and assets of $252 (revenue -14.3% year-over-year).
- 2014: Revenue of $7, expenses of $17, and assets of $264 (revenue -41.7% year-over-year).
- 2013: Revenue of $12, expenses of $20, and assets of $273 (revenue -42.9% year-over-year).
- 2012: Revenue of $21, expenses of $20, and assets of $281 (revenue +425.0% year-over-year).
- 2011: Revenue of $4, expenses of $22, and assets of $280.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ufa Alumni Art Fund:
Data Sources and Methodology
This transparency report for Ufa Alumni Art Fund 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.