Union Fair Society
Union Fair Society maintains financial stability with fluctuating revenues and no reported officer compensation.
EIN: 10224214 · Union, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $304K |
| Total Expenses | $322K |
| Program Spending | 80% |
| Net Assets | $311K |
| Transparency Score | 75/100 |
Is Union Fair Society Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Union Fair Society directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Union Fair Society
Union Fair Society (EIN: 10224214) is a nonprofit organization based in Union, ME. The organization reported total revenue of $304K and total assets of $331K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Union Fair Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Union Fair Society is a small nonprofit that has been operating for 88 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $353K |
| Total Expenses | $322K |
| Surplus / Deficit | +$31K |
| Total Assets | $327K |
| Total Liabilities | $16K |
| Net Assets | $311K |
| Operating Margin | 8.9% |
| Debt-to-Asset Ratio | 5.0% |
| Months of Reserves | 12.2 months |
Financial Health Grade: A
In 2023, Union Fair Society reported a surplus of $31K with revenue exceeding expenses, holds 12.2 months of operating reserves (strong position), has a debt-to-asset ratio of 5.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Union Fair Society's revenue has declined at a compound annual growth rate (CAGR) of -3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -48.2% | -44.0% | -7.5% |
| 2022 | +57.3% | +4.6% | +40.2% |
| 2021 | +205.6% | +1103.4% | -32.2% |
| 2020 | -73.1% | -91.5% | +33.4% |
| 2019 | -12.5% | +6.4% | -4.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1938 |
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 Union Fair Society 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, Union Fair Society 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 $31K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.0%.
Executive Compensation Analysis
The Union Fair Society consistently reports 0% officer compensation across all available filings, suggesting a volunteer-led executive team or compensation levels below IRS reporting thresholds, which contributes to lower overhead.
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 Fair Society's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data, hindering full efficiency analysis.
Strengths
The following positive indicators were identified for Union Fair Society:
- Consistent 0% officer compensation reported across all filings, indicating low executive overhead.
- Positive trend in asset growth, from $145,763 in 2015 to $327,078 in 2023.
- Decreasing liabilities over time, from $48,323 in 2015 to $16,199 in 2023, indicating strong financial management.
- Consistent filing of IRS Form 990s over 13 periods, demonstrating regulatory compliance and basic transparency.
Frequently Asked Questions about Union Fair Society
Is Union Fair Society a legitimate charity?
Based on AI analysis of IRS 990 filings, Union Fair Society (EIN: 10224214) some concerns. Mission Score: 75/100. 1 red flag identified, 4 strengths noted.
How does Union Fair Society spend its money?
Union Fair Society directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Union Fair Society tax-deductible?
Union Fair Society is registered as a tax-exempt nonprofit (EIN: 10224214). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Union Fair Society's spending goes to programs?
Union Fair Society directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Union Fair Society located?
Union Fair Society is headquartered in Union, Maine and files with the IRS under EIN 10224214.
How many years of IRS 990 filings does Union Fair Society have?
Union Fair Society 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 $304K in total revenue.
Is Union Fair Society a good charity?
Based on the available data, Union Fair Society demonstrates financial stability with growing assets and decreasing liabilities. The consistent 0% officer compensation is a positive indicator of efficiency. However, without a detailed breakdown of program spending versus administrative and fundraising costs, a definitive assessment of its charitable impact is limited.
How has Union Fair Society's revenue trended?
Union Fair Society's revenue has fluctuated significantly, ranging from a low of $141,799 in 2020 to a high of $681,776 in 2022. The latest reported revenue for 2023 was $353,397.
What is the organization's asset growth like?
The organization's assets have shown a positive growth trend, increasing from $145,763 in 2015 to $327,078 in 2023, indicating a healthy accumulation of reserves.
Filing History
IRS 990 filing history for Union Fair Society showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Union Fair Society's revenue has declined by 35.4%, moving from $547K to $353K. Total assets increased by 95.9% over the same period, from $167K to $327K. Total functional expenses fell by 38.9%, from $527K to $322K. In its most recent filing year (2023), Union Fair Society reported a surplus of $31K, with revenue exceeding expenses. The organization holds $16K in liabilities against $327K in assets (debt-to-asset ratio: 5.0%), resulting in net assets of $311K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $353K | $322K | $327K | $16K | — | View 990 |
| 2022 | $682K | $574K | $354K | $16K | — | View 990 |
| 2021 | $433K | $549K | $252K | $22K | — | View 990 |
| 2020 | $142K | $46K | $372K | $26K | — | View 990 |
| 2019 | $528K | $539K | $279K | $29K | — | View 990 |
| 2018 | $603K | $506K | $292K | $31K | — | View 990 |
| 2017 | $467K | $467K | $205K | $42K | — | View 990 |
| 2016 | $604K | $537K | $211K | $47K | — | View 990 |
| 2015 | $536K | $556K | $146K | $48K | — | View 990 |
| 2014 | $537K | $520K | $172K | $56K | — | View 990 |
| 2013 | $521K | $514K | $163K | $63K | — | View 990 |
| 2012 | $555K | $537K | $168K | $75K | — | View 990 |
| 2011 | $547K | $527K | $167K | $91K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $353K, expenses of $322K, and assets of $327K (revenue -48.2% year-over-year).
- 2022: Revenue of $682K, expenses of $574K, and assets of $354K (revenue +57.3% year-over-year).
- 2021: Revenue of $433K, expenses of $549K, and assets of $252K (revenue +205.6% year-over-year).
- 2020: Revenue of $142K, expenses of $46K, and assets of $372K (revenue -73.1% year-over-year).
- 2019: Revenue of $528K, expenses of $539K, and assets of $279K (revenue -12.5% year-over-year).
- 2018: Revenue of $603K, expenses of $506K, and assets of $292K (revenue +29.3% year-over-year).
- 2017: Revenue of $467K, expenses of $467K, and assets of $205K (revenue -22.8% year-over-year).
- 2016: Revenue of $604K, expenses of $537K, and assets of $211K (revenue +12.7% year-over-year).
- 2015: Revenue of $536K, expenses of $556K, and assets of $146K (revenue -0.2% year-over-year).
- 2014: Revenue of $537K, expenses of $520K, and assets of $172K (revenue +3.2% year-over-year).
- 2013: Revenue of $521K, expenses of $514K, and assets of $163K (revenue -6.2% year-over-year).
- 2012: Revenue of $555K, expenses of $537K, and assets of $168K (revenue +1.5% year-over-year).
- 2011: Revenue of $547K, expenses of $527K, and assets of $167K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Union Fair Society:
Data Sources and Methodology
This transparency report for Union Fair Society 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.