Union Leader Charitable Fund Inc
Union Leader Charitable Fund Inc. operates with minimal revenue and frequently reports liabilities exceeding assets.
EIN: 204354509 · Manchester, NH · NTEE: T21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10K |
| Total Expenses | $1K |
| Program Spending | 80% |
| Net Assets | $-4,411 |
| Transparency Score | 65/100 |
Is Union Leader Charitable Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Union Leader Charitable Fund Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Union Leader Charitable Fund Inc
Union Leader Charitable Fund Inc (EIN: 204354509) is a nonprofit organization based in Manchester, NH, classified under NTEE code T21. The organization reported total revenue of $10K and total assets of $101K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Union Leader Charitable Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Union Leader Charitable Fund Inc is a micro nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2K |
| Total Expenses | $1K |
| Surplus / Deficit | +$854 |
| Total Assets | $132K |
| Total Liabilities | $137K |
| Net Assets | $-4,411 |
| Operating Margin | 42.7% |
| Debt-to-Asset Ratio | 103.3% |
| Months of Reserves | 1386.7 months |
Financial Health Grade: A
In 2023, Union Leader Charitable Fund Inc reported a surplus of $854 with revenue exceeding expenses, holds 1386.7 months of operating reserves (strong position), has a debt-to-asset ratio of 103.3% (high leverage).
Financial Trends
Over 10 years of filings (2011–2023), Union Leader Charitable Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +57.9% | -83.2% | +0.6% |
| 2022 | -70.8% | +33.5% | -14.6% |
| 2021 | -57.7% | -50.4% | +124.7% |
| 2020 | +27.4% | +26.0% | +41.9% |
| 2019 | -14.2% | +38.7% | -40.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Leader Charitable Fund Inc with a Mission Score of 65 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 Leader Charitable Fund 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 $854, with revenue exceeding expenses.
- Debt-to-asset ratio: 103.3%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0%, indicating that no officers or directors receive salaries from the organization, which is commendable for an organization of this 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 Union Leader Charitable Fund Inc's IRS 990 filings:
- Consistent reporting of liabilities exceeding assets (e.g., $136,844 liabilities vs. $132,433 assets in 2023).
- Expenses frequently exceed revenue, indicating potential reliance on reserves or other funding sources (e.g., 2022 expenses of $6,839 against $1,267 revenue).
Strengths
The following positive indicators were identified for Union Leader Charitable Fund Inc:
- 0% officer compensation consistently reported, indicating efficient use of funds for leadership.
- Long filing history (10 filings) suggests consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Union Leader Charitable Fund Inc
Is Union Leader Charitable Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Union Leader Charitable Fund Inc (EIN: 204354509) some concerns. Mission Score: 65/100. 2 red flags identified, 2 strengths noted.
How does Union Leader Charitable Fund Inc spend its money?
Union Leader Charitable Fund Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Union Leader Charitable Fund Inc tax-deductible?
Union Leader Charitable Fund Inc is registered as a tax-exempt nonprofit (EIN: 204354509). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Union Leader Charitable Fund Inc's spending goes to programs?
Union Leader Charitable Fund Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Union Leader Charitable Fund Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Union Leader Charitable Fund Inc is above average for NTEE category T21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Union Leader Charitable Fund Inc located?
Union Leader Charitable Fund Inc is headquartered in Manchester, New Hampshire and files with the IRS under EIN 204354509. It is classified under NTEE code T21.
How many years of IRS 990 filings does Union Leader Charitable Fund Inc have?
Union Leader Charitable Fund Inc has 10 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 $10K in total revenue.
What is the nature of the significant liabilities consistently reported by the Union Leader Charitable Fund Inc.?
The provided data shows liabilities frequently exceeding assets (e.g., $136,844 liabilities vs. $132,433 assets in 2023), which is unusual for a healthy nonprofit. Further investigation into the 990 forms would be needed to understand the composition and purpose of these liabilities.
How does the organization sustain operations given that expenses often exceed revenue?
In several periods, such as 2022 ($6,839 expenses vs. $1,267 revenue) and 2021 ($5,122 expenses vs. $4,343 revenue), expenses surpassed revenue. This suggests the organization may be utilizing accumulated reserves or other non-operating income sources to cover its costs.
What specific programs does the Union Leader Charitable Fund Inc. support?
The provided financial summary does not detail specific program activities. To understand the impact and nature of its charitable work, one would need to review the program service accomplishments section of its IRS Form 990.
Filing History
IRS 990 filing history for Union Leader Charitable Fund Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Union Leader Charitable Fund Inc's revenue has grown by 15.7%, moving from $2K to $2K. Total assets decreased by 2.4% over the same period, from $136K to $132K. Total functional expenses fell by 90.4%, from $12K to $1K. In its most recent filing year (2023), Union Leader Charitable Fund Inc reported a surplus of $854, with revenue exceeding expenses. The organization holds $137K in liabilities against $132K in assets (debt-to-asset ratio: 103.3%), resulting in net assets of $-4,411.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2K | $1K | $132K | $137K | — | — |
| 2022 | $1K | $7K | $132K | $137K | — | View 990 |
| 2021 | $4K | $5K | $154K | $154K | — | — |
| 2020 | $10K | $10K | $69K | $67K | — | View 990 |
| 2019 | $8K | $8K | $48K | $47K | — | View 990 |
| 2015 | $9K | $6K | $81K | $77K | — | View 990 |
| 2014 | $0 | $8K | $72K | $72K | — | View 990 |
| 2013 | $0 | $8K | $54K | $46K | — | View 990 |
| 2012 | $2K | $10K | $108K | $92K | — | View 990 |
| 2011 | $2K | $12K | $136K | $111K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2K, expenses of $1K, and assets of $132K (revenue +57.9% year-over-year).
- 2022: Revenue of $1K, expenses of $7K, and assets of $132K (revenue -70.8% year-over-year).
- 2021: Revenue of $4K, expenses of $5K, and assets of $154K (revenue -57.7% year-over-year).
- 2020: Revenue of $10K, expenses of $10K, and assets of $69K (revenue +27.4% year-over-year).
- 2019: Revenue of $8K, expenses of $8K, and assets of $48K (revenue -14.2% year-over-year).
- 2015: Revenue of $9K, expenses of $6K, and assets of $81K.
- 2014: Revenue of $0, expenses of $8K, and assets of $72K.
- 2013: Revenue of $0, expenses of $8K, and assets of $54K (revenue -100.0% year-over-year).
- 2012: Revenue of $2K, expenses of $10K, and assets of $108K (revenue -9.5% year-over-year).
- 2011: Revenue of $2K, expenses of $12K, and assets of $136K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Union Leader Charitable Fund Inc:
Data Sources and Methodology
This transparency report for Union Leader Charitable Fund 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.