United Parcel Service Veba Ups Health And Welfare Plan
UPS VEBA Plan: Stable Finances, Minimal Admin Costs
EIN: 222899653 · Atlanta, GA · Updated: 2026-04-04
Is United Parcel Service Veba Ups Health And Welfare Plan Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
United Parcel Service Veba Ups Health And Welfare Plan directs 99% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About United Parcel Service Veba Ups Health And Welfare Plan
United Parcel Service Veba Ups Health And Welfare Plan (EIN: 222899653) is a nonprofit organization based in Atlanta, GA. The organization reported total revenue of $1.1B and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of United Parcel Service Veba Ups Health And Welfare Plan's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
United Parcel Service Veba Ups Health And Welfare Plan is a major nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $918.5M |
| Total Expenses | $913.1M |
| Surplus / Deficit | +$5.4M |
| Total Assets | $9.5M |
| Net Assets | $9.5M |
| Operating Margin | 0.6% |
| Months of Reserves | 0.1 months |
Financial Health Grade: A
In 2023, United Parcel Service Veba Ups Health And Welfare Plan reported a surplus of $5.4M with revenue exceeding expenses, holds 0.1 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2010–2023), United Parcel Service Veba Ups Health And Welfare Plan's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.3% | -11.6% | +121.2% |
| 2022 | +7.7% | +9.0% | -2.7% |
| 2021 | +10.1% | +9.7% | +50.7% |
| 2020 | +5.8% | +5.8% | +2.2% |
| 2019 | +2.4% | +2.4% | -11.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Parcel Service Veba Ups Health And Welfare Plan 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: 1%
- programs: 99%
- fundraising: 0%
According to IRS 990 filings, United Parcel Service Veba Ups Health And Welfare Plan allocates its expenses as follows: admin: 1%, programs: 99%, fundraising: 0%. With 99% 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 $5.4M, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is not reported as a separate line item in the provided data, suggesting it is either negligible or embedded within administrative costs, which are consistently very low (e.g., $9,488,908 in 2023 against $913,098,040 in expenses).
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.
Strengths
The following positive indicators were identified for United Parcel Service Veba Ups Health And Welfare Plan:
- Extremely low administrative and fundraising costs, indicating efficient use of funds for its primary purpose.
- Consistent revenue and expense figures over multiple years, demonstrating financial stability.
- No reported lobbying expenses, suggesting a focus purely on its health and welfare plan objectives.
- Significant assets reported, such as $9,488,908 in 2023, providing a strong financial base.
Frequently Asked Questions about United Parcel Service Veba Ups Health And Welfare Plan
Is United Parcel Service Veba Ups Health And Welfare Plan a legitimate charity?
Based on AI analysis of IRS 990 filings, United Parcel Service Veba Ups Health And Welfare Plan (EIN: 222899653) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does United Parcel Service Veba Ups Health And Welfare Plan spend its money?
United Parcel Service Veba Ups Health And Welfare Plan directs 99% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to United Parcel Service Veba Ups Health And Welfare Plan tax-deductible?
United Parcel Service Veba Ups Health And Welfare Plan is registered as a tax-exempt nonprofit (EIN: 222899653). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does United Parcel Service Veba Ups Health And Welfare Plan do?
United Parcel Service Veba Ups Health And Welfare Plan is a nonprofit organization in the Unknown sector, located in Atlanta, Georgia. It is classified under NTEE code Unknown.
How much revenue does United Parcel Service Veba Ups Health And Welfare Plan have?
United Parcel Service Veba Ups Health And Welfare Plan reported total revenue of $1,123,347,707. Based on 13 IRS 990 filings on record.
What are United Parcel Service Veba Ups Health And Welfare Plan's total assets?
United Parcel Service Veba Ups Health And Welfare Plan holds total assets of $2,573,980 as reported in IRS 990 filings.
Where is United Parcel Service Veba Ups Health And Welfare Plan located?
United Parcel Service Veba Ups Health And Welfare Plan is based in Atlanta, Georgia.
What is United Parcel Service Veba Ups Health And Welfare Plan's EIN?
United Parcel Service Veba Ups Health And Welfare Plan's Employer Identification Number (EIN) is 222899653. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is United Parcel Service Veba Ups Health And Welfare Plan?
United Parcel Service Veba Ups Health And Welfare Plan is classified under NTEE code Unknown (Unknown).
Is United Parcel Service Veba Ups Health And Welfare Plan a registered 501(c)(3)?
United Parcel Service Veba Ups Health And Welfare Plan appears in IRS records (EIN: 222899653). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does United Parcel Service Veba Ups Health And Welfare Plan file IRS Form 990?
Yes, United Parcel Service Veba Ups Health And Welfare Plan has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was United Parcel Service Veba Ups Health And Welfare Plan's revenue in 2023?
In the 202312 filing period, United Parcel Service Veba Ups Health And Welfare Plan reported total revenue of $918,461,847, total expenses of $913,098,040, and net assets of $9,488,908.
Is United Parcel Service Veba Ups Health And Welfare Plan's revenue growing or declining?
United Parcel Service Veba Ups Health And Welfare Plan's revenue is declining. Revenue went from $1,023,673,940 (202212) to $918,461,847 (202312), a -10.3% change. Based on 13 filings on record.
What is United Parcel Service Veba Ups Health And Welfare Plan's most recent 990 filing?
The most recent IRS Form 990 filing for United Parcel Service Veba Ups Health And Welfare Plan covers tax period 202312. It shows revenue of $918,461,847, expenses of $913,098,040, total assets of $9,488,908, and liabilities of N/A.
How much does United Parcel Service Veba Ups Health And Welfare Plan spend on programs vs administration?
Based on IRS 990 analysis, United Parcel Service Veba Ups Health And Welfare Plan allocates approximately 99% of expenses to program services, 1% to administrative costs, and 0% to fundraising. This indicates strong program focus.
Is United Parcel Service Veba Ups Health And Welfare Plan a trustworthy charity?
Based on AI analysis of IRS 990 data, United Parcel Service Veba Ups Health And Welfare Plan appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are United Parcel Service Veba Ups Health And Welfare Plan's strengths?
Positive indicators for United Parcel Service Veba Ups Health And Welfare Plan include: Extremely low administrative and fundraising costs, indicating efficient use of funds for its primary purpose.. Consistent revenue and expense figures over multiple years, demonstrating financial stability.. No reported lobbying expenses, suggesting a focus purely on its health and welfare plan objectives.. Significant assets reported, such as $9,488,908 in 2023, providing a strong financial base.. These findings are derived from AI analysis of the organization's financial filings.
How does United Parcel Service Veba Ups Health And Welfare Plan compensate executives?
Executive compensation is not reported as a separate line item in the provided data, suggesting it is either negligible or embedded within administrative costs, which are consistently very low (e.g., $9,488,908 in 2023 against $913,098,040 in expenses). Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of 0% fundraising costs, what specific mechanisms or funding structures allow the UPS VEBA plan to operate without incurring any fundraising expenses?
The UPS VEBA plan is likely funded through employer contributions and/or collective bargaining agreements, rather than public donations or fundraising campaigns, which inherently eliminates the need for fundraising expenses.
How does the organization manage to maintain such a low percentage of administrative expenses (e.g., 1% of total expenses in 2023) while managing a plan of this scale?
The low administrative expenses suggest highly efficient operations, potentially leveraging existing UPS infrastructure, shared services, or a lean administrative staff, optimizing resource allocation for the health and welfare benefits.
Filing History
IRS 990 filing history for United Parcel Service Veba Ups Health And Welfare Plan showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2010–2023), United Parcel Service Veba Ups Health And Welfare Plan's revenue has grown by 15.6%, moving from $794.6M to $918.5M. Total assets increased by 129.5% over the same period, from $4.1M to $9.5M. Total functional expenses rose by 14.9%, from $794.9M to $913.1M. In its most recent filing year (2023), United Parcel Service Veba Ups Health And Welfare Plan reported a surplus of $5.4M, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $918.5M | $913.1M | $9.5M | $0 | — | — |
| 2022 | $1.0B | $1.0B | $4.3M | $0 | — | View 990 |
| 2021 | $950.4M | $947.4M | $4.4M | $157K | — | View 990 |
| 2020 | $863.2M | $863.5M | $2.9M | $1.8M | — | View 990 |
| 2019 | $816.2M | $816.5M | $2.9M | $0 | — | View 990 |
| 2017 | $797.3M | $797.3M | $3.2M | $0 | — | View 990 |
| 2016 | $801.5M | $805.3M | $3.2M | $0 | — | View 990 |
| 2015 | $775.5M | $771.7M | $7.0M | $0 | — | View 990 |
| 2014 | $774.7M | $774.7M | $3.2M | $0 | — | View 990 |
| 2013 | $799.7M | $799.6M | $3.3M | $0 | — | View 990 |
| 2012 | $782.7M | $782.7M | $3.2M | $0 | — | View 990 |
| 2011 | $745.1M | $745.1M | $3.2M | $0 | — | View 990 |
| 2010 | $794.6M | $794.9M | $4.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $918.5M, expenses of $913.1M, and assets of $9.5M (revenue -10.3% year-over-year).
- 2022: Revenue of $1.0B, expenses of $1.0B, and assets of $4.3M (revenue +7.7% year-over-year).
- 2021: Revenue of $950.4M, expenses of $947.4M, and assets of $4.4M (revenue +10.1% year-over-year).
- 2020: Revenue of $863.2M, expenses of $863.5M, and assets of $2.9M (revenue +5.8% year-over-year).
- 2019: Revenue of $816.2M, expenses of $816.5M, and assets of $2.9M (revenue +2.4% year-over-year).
- 2017: Revenue of $797.3M, expenses of $797.3M, and assets of $3.2M (revenue -0.5% year-over-year).
- 2016: Revenue of $801.5M, expenses of $805.3M, and assets of $3.2M (revenue +3.4% year-over-year).
- 2015: Revenue of $775.5M, expenses of $771.7M, and assets of $7.0M (revenue +0.1% year-over-year).
- 2014: Revenue of $774.7M, expenses of $774.7M, and assets of $3.2M (revenue -3.1% year-over-year).
- 2013: Revenue of $799.7M, expenses of $799.6M, and assets of $3.3M (revenue +2.2% year-over-year).
- 2012: Revenue of $782.7M, expenses of $782.7M, and assets of $3.2M (revenue +5.0% year-over-year).
- 2011: Revenue of $745.1M, expenses of $745.1M, and assets of $3.2M (revenue -6.2% year-over-year).
- 2010: Revenue of $794.6M, expenses of $794.9M, and assets of $4.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for United Parcel Service Veba Ups Health And Welfare Plan:
Data Sources and Methodology
This transparency report for United Parcel Service Veba Ups Health And Welfare Plan 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.