United Elite Fc
United Elite Fc experienced a significant operating deficit and asset decline in 2022 after two years of positive net income.
EIN: 201304317 · Evansville, IN · NTEE: X20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $155K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $100,000 |
| Net Assets | $2K |
| Transparency Score | 70/100 |
Is United Elite Fc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
United Elite Fc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About United Elite Fc
United Elite Fc (EIN: 201304317) is a nonprofit organization based in Evansville, IN, classified under NTEE code X20. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of United Elite Fc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
United Elite Fc is a micro nonprofit that has been operating for 21 years, with 9 years of IRS 990 filings on record (2014–2022). Revenue has grown at a compound annual rate of -4.7%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $100K |
| Total Expenses | $155K |
| Surplus / Deficit | $-55,572 |
| Total Assets | $2K |
| Net Assets | $2K |
| Operating Margin | -55.7% |
| Months of Reserves | 0.2 months |
Financial Health Grade: C
In 2022, United Elite Fc reported a deficit of $56K with expenses exceeding revenue, holds 0.2 months of operating reserves (limited).
Financial Trends
Over 9 years of filings (2014–2022), United Elite Fc's revenue has declined at a compound annual growth rate (CAGR) of -4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -34.1% | +6.7% | -95.9% |
| 2021 | +5.6% | +56.2% | +14.1% |
| 2020 | -4.3% | -46.2% | +770.0% |
| 2019 | -36.3% | -25.0% | -81.9% |
| 2018 | +1.7% | +9.0% | +28.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 2005 |
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 United Elite Fc with a Mission Score of 70 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, United Elite Fc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $56K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all nine filings, indicating that no officers or key employees received compensation, which is highly efficient for an organization of its size (annual revenues typically between $100,000 and $250,000).
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 United Elite Fc's IRS 990 filings:
- Significant operating deficit in the most recent filing (2022: -$55,572).
- Substantial decline in assets from $59,540 in 2021 to $2,448 in 2022.
- Inconsistent financial performance with alternating years of deficits and surpluses.
Strengths
The following positive indicators were identified for United Elite Fc:
- Consistent reporting of 0% officer compensation across all filings, indicating efficient use of funds at the executive level.
- History of generating over $100,000 in revenue in most years, demonstrating some capacity for fundraising and program delivery.
Frequently Asked Questions about United Elite Fc
Is United Elite Fc a legitimate charity?
United Elite Fc (EIN: 201304317) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 70/100. It has 9 years of IRS 990 filings on record. 3 red flags identified. 2 strengths noted. Financial health grade: C.
How does United Elite Fc spend its money?
United Elite Fc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to United Elite Fc tax-deductible?
United Elite Fc is registered as a tax-exempt nonprofit (EIN: 201304317). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the United Elite Fc CEO make?
United Elite Fc's highest-compensated officer earns $100,000 annually. Executive compensation data is disclosed in IRS 990 filings.
What percentage of United Elite Fc's spending goes to programs?
United Elite Fc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does United Elite Fc compare to similar nonprofits?
With a transparency score of 70/100 (Good), United Elite Fc is above average for NTEE category X20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is United Elite Fc located?
United Elite Fc is headquartered in Evansville, Indiana and files with the IRS under EIN 201304317. It is classified under NTEE code X20.
How many years of IRS 990 filings does United Elite Fc have?
United Elite Fc has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Why did United Elite Fc experience a significant operating deficit in 2022?
In 2022, United Elite Fc's expenses ($155,302) significantly outpaced its revenue ($99,730), resulting in a deficit of $55,572. The specific reasons for this increase in expenses or decrease in revenue are not detailed in the provided summary data.
What caused the substantial drop in assets from $59,540 in 2021 to $2,448 in 2022?
The provided data indicates a sharp decline in assets. This could be due to various factors such as asset sales, depreciation, or using reserves to cover operating deficits. The exact cause is not specified in the summary.
Is United Elite Fc financially stable given its fluctuating revenue and expenses?
The organization's financial stability appears inconsistent. While there were periods of positive net income (e.g., 2020, 2021), the recent 2022 deficit and significant asset reduction suggest potential instability and warrant closer scrutiny of their financial management practices.
Filing History
IRS 990 filing history for United Elite Fc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2014–2022), United Elite Fc's revenue has declined by 31.8%, moving from $146K to $100K. Total assets decreased by 90.3% over the same period, from $25K to $2K. Total functional expenses rose by 10.9%, from $140K to $155K. In its most recent filing year (2022), United Elite Fc reported a deficit of $56K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $100K | $155K | $2K | $0 | — | — |
| 2021 | $151K | $146K | $60K | $2K | — | — |
| 2020 | $143K | $93K | $52K | $0 | — | View 990 |
| 2019 | $150K | $173K | $6K | $4K | — | View 990 |
| 2018 | $235K | $231K | $33K | $8K | — | View 990 |
| 2017 | $231K | $212K | $26K | $9K | — | View 990 |
| 2016 | $171K | $180K | $1 | $3K | — | View 990 |
| 2015 | $183K | $180K | $23K | $19K | — | View 990 |
| 2014 | $146K | $140K | $25K | $19K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $100K, expenses of $155K, and assets of $2K (revenue -34.1% year-over-year).
- 2021: Revenue of $151K, expenses of $146K, and assets of $60K (revenue +5.6% year-over-year).
- 2020: Revenue of $143K, expenses of $93K, and assets of $52K (revenue -4.3% year-over-year).
- 2019: Revenue of $150K, expenses of $173K, and assets of $6K (revenue -36.3% year-over-year).
- 2018: Revenue of $235K, expenses of $231K, and assets of $33K (revenue +1.7% year-over-year).
- 2017: Revenue of $231K, expenses of $212K, and assets of $26K (revenue +35.3% year-over-year).
- 2016: Revenue of $171K, expenses of $180K, and assets of $1 (revenue -6.4% year-over-year).
- 2015: Revenue of $183K, expenses of $180K, and assets of $23K (revenue +24.9% year-over-year).
- 2014: Revenue of $146K, expenses of $140K, and assets of $25K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for United Elite Fc:
Data Sources and Methodology
This transparency report for United Elite Fc 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.