Ufa Class Of 1919 Mem Prize Fund 70267
Ufa Class Of 1919 Mem Prize Fund 70267 consistently spends slightly more than its minimal revenue, drawing down its small asset base.
EIN: 156014949 · Providence, RI · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $127 |
| Total Expenses | $130 |
| Program Spending | 90% |
| Net Assets | $2K |
| Transparency Score | 85/100 |
Is Ufa Class Of 1919 Mem Prize Fund 70267 Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ufa Class Of 1919 Mem Prize Fund 70267 directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ufa Class Of 1919 Mem Prize Fund 70267
Ufa Class Of 1919 Mem Prize Fund 70267 (EIN: 156014949) is a nonprofit organization based in Providence, RI. The organization reported total revenue of $127 and total assets of $2K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ufa Class Of 1919 Mem Prize Fund 70267's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ufa Class Of 1919 Mem Prize Fund 70267 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 -9.9%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $59 |
| Total Expenses | $130 |
| Surplus / Deficit | $-71 |
| Total Assets | $2K |
| Total Liabilities | $1 |
| Net Assets | $2K |
| Operating Margin | -120.3% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 169.8 months |
Financial Health Grade: B
In 2019, Ufa Class Of 1919 Mem Prize Fund 70267 reported a deficit of $71 with expenses exceeding revenue, holds 169.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 6 years of filings (2011–2019), Ufa Class Of 1919 Mem Prize Fund 70267's revenue has declined at a compound annual growth rate (CAGR) of -9.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -7.8% | -3.0% | -22.9% |
| 2015 | -44.3% | +0.0% | -2.8% |
| 2014 | +9.5% | -3.6% | -0.7% |
| 2013 | -45.0% | +13.9% | -1.4% |
| 2012 | +40.4% | +1.7% | +2.7% |
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 Class Of 1919 Mem Prize Fund 70267 with a Mission Score of 85 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: 90%
- fundraising: 0%
According to IRS 990 filings, Ufa Class Of 1919 Mem Prize Fund 70267 allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $71, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based and no funds are diverted to executive salaries, which is highly efficient for its size.
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 Class Of 1919 Mem Prize Fund 70267's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) leading to asset depletion (e.g., assets decreased from $2,440 in 2011 to $1,840 in 2019).
Strengths
The following positive indicators were identified for Ufa Class Of 1919 Mem Prize Fund 70267:
- Zero officer compensation reported across all filings, indicating volunteer leadership and efficient use of funds.
- Consistent filing of IRS 990 forms, demonstrating transparency.
- Stable, albeit small, asset base maintained over a decade, suggesting careful management despite deficit spending.
Frequently Asked Questions about Ufa Class Of 1919 Mem Prize Fund 70267
Is Ufa Class Of 1919 Mem Prize Fund 70267 a legitimate charity?
Based on AI analysis of IRS 990 filings, Ufa Class Of 1919 Mem Prize Fund 70267 (EIN: 156014949) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Ufa Class Of 1919 Mem Prize Fund 70267 spend its money?
Ufa Class Of 1919 Mem Prize Fund 70267 directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ufa Class Of 1919 Mem Prize Fund 70267 tax-deductible?
Ufa Class Of 1919 Mem Prize Fund 70267 is registered as a tax-exempt nonprofit (EIN: 156014949). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ufa Class Of 1919 Mem Prize Fund 70267 located?
Ufa Class Of 1919 Mem Prize Fund 70267 is headquartered in Providence, Rhode Island and files with the IRS under EIN 156014949.
How many years of IRS 990 filings does Ufa Class Of 1919 Mem Prize Fund 70267 have?
Ufa Class Of 1919 Mem Prize Fund 70267 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 $127 in total revenue.
Is Ufa Class Of 1919 Mem Prize Fund 70267 a good charity?
Based on the available data, it appears to be a well-managed, albeit very small, fund. It has no officer compensation, suggesting efficient use of its limited resources for its stated purpose, likely a prize fund.
Why are expenses consistently higher than revenue?
The organization's expenses have consistently exceeded its revenue in most reported periods (e.g., $130 expenses vs. $59 revenue in 2019), leading to a gradual reduction in its asset base, from $2,440 in 2011 to $1,840 in 2019. This suggests it's likely operating as a prize fund that distributes more than its annual income from investments, drawing down its principal over time.
What is the purpose of this organization?
Given its name 'Mem Prize Fund' and consistent small expenses, it is highly probable that the organization's primary purpose is to award a memorial prize, with its expenses representing these distributions and minimal administrative costs.
Filing History
IRS 990 filing history for Ufa Class Of 1919 Mem Prize Fund 70267 showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2019), Ufa Class Of 1919 Mem Prize Fund 70267's revenue has declined by 56.6%, moving from $136 to $59. Total assets decreased by 24.6% over the same period, from $2K to $2K. Total functional expenses rose by 8.3%, from $120 to $130. In its most recent filing year (2019), Ufa Class Of 1919 Mem Prize Fund 70267 reported a deficit of $71, with expenses exceeding revenue. The organization holds $1 in liabilities against $2K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $2K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $59 | $130 | $2K | $1 | — | View 990 |
| 2015 | $64 | $134 | $2K | $1 | — | View 990 |
| 2014 | $115 | $134 | $2K | $0 | — | View 990 |
| 2013 | $105 | $139 | $2K | $0 | — | View 990 |
| 2012 | $191 | $122 | $3K | $0 | — | View 990 |
| 2011 | $136 | $120 | $2K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $59, expenses of $130, and assets of $2K (revenue -7.8% year-over-year).
- 2015: Revenue of $64, expenses of $134, and assets of $2K (revenue -44.3% year-over-year).
- 2014: Revenue of $115, expenses of $134, and assets of $2K (revenue +9.5% year-over-year).
- 2013: Revenue of $105, expenses of $139, and assets of $2K (revenue -45.0% year-over-year).
- 2012: Revenue of $191, expenses of $122, and assets of $3K (revenue +40.4% year-over-year).
- 2011: Revenue of $136, expenses of $120, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ufa Class Of 1919 Mem Prize Fund 70267:
Data Sources and Methodology
This transparency report for Ufa Class Of 1919 Mem Prize Fund 70267 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.