United Negro College Fund Inc
United Negro College Fund Inc maintains strong asset base despite fluctuating revenues, consistently reporting 0% officer compensation.
EIN: 131624241 · Washington, DC · NTEE: B820 · Updated: 2026-03-28
Is United Negro College Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
United Negro College Fund Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About United Negro College Fund Inc
United Negro College Fund Inc (EIN: 131624241) is a nonprofit organization based in Washington, DC, classified under NTEE code B820. The organization reported total revenue of $536.3M and total assets of $892.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of United Negro College Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
United Negro College Fund Inc is a major nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 1.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $250.9M |
| Total Expenses | $195.0M |
| Surplus / Deficit | +$55.9M |
| Total Assets | $917.0M |
| Total Liabilities | $67.6M |
| Net Assets | $849.5M |
| Operating Margin | 22.3% |
| Debt-to-Asset Ratio | 7.4% |
| Months of Reserves | 56.4 months |
Financial Health Grade: A
In 2024, United Negro College Fund Inc reported a surplus of $55.9M with revenue exceeding expenses, holds 56.4 months of operating reserves (strong position), has a debt-to-asset ratio of 7.4% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), United Negro College Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -30.6% | +13.7% | +8.0% |
| 2023 | +61.9% | -11.0% | +24.9% |
| 2022 | -0.3% | +10.0% | +4.0% |
| 2021 | +145.5% | +8.6% | +22.8% |
| 2020 | +21.7% | +0.1% | -11.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
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 Negro College Fund 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: 80%
- fundraising: 10%
According to IRS 990 filings, United Negro College Fund Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $55.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.4%.
Executive Compensation Analysis
The consistent reporting of 0% for Officer Compensation across all available filings is unusual for an organization of UNCF's size and revenue, suggesting that executive compensation may be reported under different categories or is not directly compensated through the 'officer compensation' line item on these specific filings. This lack of direct disclosure in this field makes it difficult to assess executive pay relative to the organization's substantial financial scale and mission.
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 Negro College Fund Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which may obscure actual executive pay details without further investigation of full 990s.
Strengths
The following positive indicators were identified for United Negro College Fund Inc:
- Strong and growing asset base, reaching $917,027,785 in 202403, indicating financial stability.
- Consistent financial surpluses in recent years (e.g., $250,935,174 revenue vs. $195,036,675 expenses in 202403).
- Significant revenue generation capacity, with latest revenue at $536,334,191.
- Low liabilities relative to assets, demonstrating a healthy balance sheet.
Frequently Asked Questions about United Negro College Fund Inc
Is United Negro College Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, United Negro College Fund Inc (EIN: 131624241) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does United Negro College Fund Inc spend its money?
United Negro College Fund Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to United Negro College Fund Inc tax-deductible?
United Negro College Fund Inc is registered as a tax-exempt nonprofit (EIN: 131624241). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is United Negro College Fund Inc a good charity?
Based on its strong asset base, consistent financial surpluses in recent years, and significant revenue generation, UNCF appears to be a financially stable organization. The consistent 0% officer compensation reported in the provided data is a point of inquiry, but overall financial health suggests a well-managed entity.
How does UNCF manage its executive compensation?
The provided data consistently shows 0% for Officer Compensation. This indicates that executive compensation is either not reported in this specific field of the 990, or executives are compensated through other means not captured by this metric. Further investigation into the full 990 forms would be needed to understand the complete picture of executive compensation.
What is the trend in UNCF's revenue?
UNCF's revenue has shown significant fluctuations, from a low of $74,869,324 in 201903 to a high of $536,334,191 in the latest reported period. This indicates a variable funding environment, but the organization has demonstrated an ability to secure substantial funding.
How has UNCF's asset base changed over time?
UNCF's assets have generally remained robust, fluctuating but consistently in the hundreds of millions, reaching a high of $921,191,373 in 201503 and $917,027,785 in 202403. This indicates strong financial reserves and long-term stability.
Filing History
IRS 990 filing history for United Negro College Fund Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), United Negro College Fund Inc's revenue has grown by 20.5%, moving from $208.3M to $250.9M. Total assets decreased by 21.4% over the same period, from $1.2B to $917.0M. Total functional expenses rose by 16.8%, from $167.0M to $195.0M. In its most recent filing year (2024), United Negro College Fund Inc reported a surplus of $55.9M, with revenue exceeding expenses. The organization holds $67.6M in liabilities against $917.0M in assets (debt-to-asset ratio: 7.4%), resulting in net assets of $849.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $250.9M | $195.0M | $917.0M | $67.6M | — | View 990 |
| 2023 | $361.4M | $171.5M | $848.8M | $76.7M | — | View 990 |
| 2022 | $223.2M | $192.7M | $679.9M | $86.7M | — | View 990 |
| 2021 | $223.8M | $175.2M | $653.4M | $91.1M | — | View 990 |
| 2020 | $91.1M | $161.4M | $532.3M | $52.9M | — | View 990 |
| 2019 | $74.9M | $161.2M | $604.1M | $45.9M | — | View 990 |
| 2018 | $89.3M | $171.7M | $684.2M | $46.9M | — | — |
| 2017 | $79.9M | $183.8M | $768.8M | $47.9M | — | View 990 |
| 2016 | $250.3M | $180.3M | $873.4M | $49.6M | — | View 990 |
| 2015 | $221.4M | $171.0M | $921.2M | $147.6M | — | View 990 |
| 2014 | $208.5M | $168.4M | $976.2M | $261.2M | — | View 990 |
| 2013 | $200.6M | $161.5M | $1.1B | $353.3M | — | View 990 |
| 2012 | $208.3M | $167.0M | $1.2B | $537.2M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $250.9M, expenses of $195.0M, and assets of $917.0M (revenue -30.6% year-over-year).
- 2023: Revenue of $361.4M, expenses of $171.5M, and assets of $848.8M (revenue +61.9% year-over-year).
- 2022: Revenue of $223.2M, expenses of $192.7M, and assets of $679.9M (revenue -0.3% year-over-year).
- 2021: Revenue of $223.8M, expenses of $175.2M, and assets of $653.4M (revenue +145.5% year-over-year).
- 2020: Revenue of $91.1M, expenses of $161.4M, and assets of $532.3M (revenue +21.7% year-over-year).
- 2019: Revenue of $74.9M, expenses of $161.2M, and assets of $604.1M (revenue -16.1% year-over-year).
- 2018: Revenue of $89.3M, expenses of $171.7M, and assets of $684.2M (revenue +11.8% year-over-year).
- 2017: Revenue of $79.9M, expenses of $183.8M, and assets of $768.8M (revenue -68.1% year-over-year).
- 2016: Revenue of $250.3M, expenses of $180.3M, and assets of $873.4M (revenue +13.1% year-over-year).
- 2015: Revenue of $221.4M, expenses of $171.0M, and assets of $921.2M (revenue +6.2% year-over-year).
- 2014: Revenue of $208.5M, expenses of $168.4M, and assets of $976.2M (revenue +4.0% year-over-year).
- 2013: Revenue of $200.6M, expenses of $161.5M, and assets of $1.1B (revenue -3.7% year-over-year).
- 2012: Revenue of $208.3M, expenses of $167.0M, and assets of $1.2B.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for United Negro College Fund Inc:
Data Sources and Methodology
This transparency report for United Negro College 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.