Union City Day Care Program Inc

Is Union City Day Care Program Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Union City Day Care Program Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Union City Day Care Program Inc

Union City Day Care Program Inc (EIN: 222540403) is a nonprofit organization based in Union City, NJ, classified under NTEE code P33Z. The organization reported total revenue of $12.7M and total assets of $4.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Union City Day Care Program Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Union City Day Care Program Inc 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: 85%
• fundraising: 5%

According to IRS 990 filings, Union City Day Care Program Inc 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.

Executive Compensation Analysis

Executive compensation is not explicitly detailed in the provided data, preventing a specific assessment of its proportion relative to total expenses or revenue.

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 Union City Day Care Program Inc's IRS 990 filings:

• No specific executive compensation figures are available in the provided data, limiting a full assessment of leadership costs.

Strengths

The following positive indicators were identified for Union City Day Care Program Inc:

• Consistently high program spending, indicating a strong focus on its core mission.
• Stable revenue streams over the past several years, demonstrating financial resilience.
• Healthy asset base relative to liabilities, suggesting good financial management.

Frequently Asked Questions about Union City Day Care Program Inc

Filing History

IRS 990 filing history for Union City Day Care Program Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Union City Day Care Program Inc's revenue has grown by 60.8%, moving from $7.0M to $11.3M. Total assets increased by 108% over the same period, from $2.0M to $4.2M. Total functional expenses rose by 65.8%, from $7.1M to $11.7M. In its most recent filing year (2023), Union City Day Care Program Inc reported a deficit of $441K, with expenses exceeding revenue. The organization holds $637K in liabilities against $4.2M in assets (debt-to-asset ratio: 15.0%), resulting in net assets of $3.6M.

Year-by-Year Financial Summary

• 2023: Revenue of $11.3M, expenses of $11.7M, and assets of $4.2M (revenue +2.9% year-over-year).
• 2022: Revenue of $11.0M, expenses of $10.7M, and assets of $4.7M (revenue +11.9% year-over-year).
• 2021: Revenue of $9.8M, expenses of $10.0M, and assets of $4.5M (revenue -16.6% year-over-year).
• 2020: Revenue of $11.7M, expenses of $9.9M, and assets of $4.7M (revenue +18.7% year-over-year).
• 2019: Revenue of $9.9M, expenses of $9.6M, and assets of $2.8M (revenue +3.9% year-over-year).
• 2018: Revenue of $9.5M, expenses of $9.3M, and assets of $2.4M (revenue +0.5% year-over-year).
• 2017: Revenue of $9.5M, expenses of $9.4M, and assets of $2.2M (revenue +4.4% year-over-year).
• 2016: Revenue of $9.1M, expenses of $9.5M, and assets of $2.1M (revenue +4.1% year-over-year).
• 2015: Revenue of $8.7M, expenses of $8.7M, and assets of $2.5M (revenue +7.9% year-over-year).
• 2014: Revenue of $8.1M, expenses of $7.8M, and assets of $2.4M (revenue +4.9% year-over-year).
• 2013: Revenue of $7.7M, expenses of $7.4M, and assets of $2.3M (revenue +6.2% year-over-year).
• 2012: Revenue of $7.2M, expenses of $7.3M, and assets of $2.0M (revenue +3.4% year-over-year).
• 2011: Revenue of $7.0M, expenses of $7.1M, and assets of $2.0M.

Data Sources and Methodology

This transparency report for Union City Day Care Program 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.