United Way Of Broome County Inc
United Way Of Broome County Inc consistently reports 0% officer compensation and maintains strong asset growth.
EIN: 150564074 · Vestal, NY · NTEE: T70Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.1M |
| Total Expenses | $4.1M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $36.0M |
| Transparency Score | 95/100 |
Is United Way Of Broome County Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
United Way Of Broome County Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About United Way Of Broome County Inc
United Way Of Broome County Inc (EIN: 150564074) is a nonprofit organization based in Vestal, NY, classified under NTEE code T70Z. The organization reported total revenue of $11.1M and total assets of $38.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of United Way Of Broome County Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
United Way Of Broome County Inc is a large nonprofit that has been operating for 77 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 0.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.8M |
| Total Expenses | $4.1M |
| Surplus / Deficit | +$743K |
| Total Assets | $36.6M |
| Total Liabilities | $548K |
| Net Assets | $36.0M |
| Operating Margin | 15.5% |
| Debt-to-Asset Ratio | 1.5% |
| Months of Reserves | 108.3 months |
Financial Health Grade: A
In 2024, United Way Of Broome County Inc reported a surplus of $743K with revenue exceeding expenses, holds 108.3 months of operating reserves (strong position), has a debt-to-asset ratio of 1.5% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), United Way Of Broome County Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +8.9% | +4.6% | +4.9% |
| 2023 | +0.8% | -6.4% | +8.2% |
| 2022 | -37.8% | +3.3% | -14.5% |
| 2021 | +107.3% | -4.4% | +18.8% |
| 2020 | -23.5% | -2.4% | -0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1949 |
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 Way Of Broome County Inc with a Mission Score of 95 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, United Way Of Broome County Inc 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $743K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.5%.
Executive Compensation Analysis
United Way Of Broome County Inc consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with annual revenues exceeding $4 million and assets over $36 million, indicating a strong commitment to directing funds to its 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.
Strengths
The following positive indicators were identified for United Way Of Broome County Inc:
- Consistent 0% officer compensation reported across all filings, indicating high efficiency and dedication of funds to mission.
- Strong and growing asset base, reaching $36,567,066 in 2024, providing financial stability.
- Generally operates with a financial surplus, such as $742,519 in 2024, demonstrating sound financial management.
- Low liabilities relative to assets (e.g., $548,403 liabilities vs. $36,567,066 assets in 2024), indicating strong financial health.
- Consistent IRS 990 filing history over 14 periods, showing commitment to transparency and accountability.
Frequently Asked Questions about United Way Of Broome County Inc
Is United Way Of Broome County Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, United Way Of Broome County Inc (EIN: 150564074) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does United Way Of Broome County Inc spend its money?
United Way Of Broome County Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to United Way Of Broome County Inc tax-deductible?
United Way Of Broome County Inc is registered as a tax-exempt nonprofit (EIN: 150564074). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the United Way Of Broome County Inc CEO make?
United Way Of Broome County Inc's highest-compensated officer earns $4 annually. The organization reported $11.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of United Way Of Broome County Inc's spending goes to programs?
United Way Of Broome County Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does United Way Of Broome County Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), United Way Of Broome County Inc is above average for NTEE category T70Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is United Way Of Broome County Inc located?
United Way Of Broome County Inc is headquartered in Vestal, New York and files with the IRS under EIN 150564074. It is classified under NTEE code T70Z.
How many years of IRS 990 filings does United Way Of Broome County Inc have?
United Way Of Broome County Inc has 14 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 $11.1M in total revenue.
Is United Way Of Broome County Inc a good charity?
Based on the provided data, United Way Of Broome County Inc appears to be a very good charity. It consistently reports 0% officer compensation, maintains a strong and growing asset base ($36,567,066 in 2024), and generally operates with a surplus, indicating financial stability and efficient use of funds.
How does United Way Of Broome County Inc manage its executive compensation?
The organization reports 0% officer compensation in all available IRS 990 filings, which is an exceptional practice for an organization of its size and suggests that top leadership may be volunteer-based or compensated through other means not classified as 'officer compensation' on the 990, or that compensation is extremely low and not reported in that specific line item.
What is the financial trend of United Way Of Broome County Inc?
United Way Of Broome County Inc shows a positive financial trend with consistent asset growth from $30,728,357 in 2016 to $36,567,066 in 2024. While revenue fluctuates, expenses are generally well-managed, leading to surpluses in most recent periods, such as the $742,519 surplus in 2024.
Filing History
IRS 990 filing history for United Way Of Broome County Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), United Way Of Broome County Inc's revenue has grown by 3.4%, moving from $4.6M to $4.8M. Total assets increased by 24.3% over the same period, from $29.4M to $36.6M. Total functional expenses rose by 0.7%, from $4.0M to $4.1M. In its most recent filing year (2024), United Way Of Broome County Inc reported a surplus of $743K, with revenue exceeding expenses. The organization holds $548K in liabilities against $36.6M in assets (debt-to-asset ratio: 1.5%), resulting in net assets of $36.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $4.8M | $4.1M | $36.6M | $548K | — | View 990 |
| 2023 | $4.4M | $3.9M | $34.9M | $682K | — | View 990 |
| 2022 | $4.4M | $4.1M | $32.2M | $288K | — | View 990 |
| 2021 | $7.0M | $4.0M | $37.7M | $316K | — | View 990 |
| 2020 | $3.4M | $4.2M | $31.7M | $482K | — | View 990 |
| 2019 | $4.4M | $4.3M | $31.8M | $558K | — | View 990 |
| 2018 | $4.1M | $3.8M | $31.5M | $652K | — | View 990 |
| 2017 | $1.0M | $1.7M | $30.8M | $789K | — | View 990 |
| 2016 | $4.5M | $3.8M | $30.7M | $480K | — | View 990 |
| 2015 | $4.3M | $3.8M | $31.6M | $1.6M | — | View 990 |
| 2014 | $4.5M | $3.7M | $33.9M | $1.7M | — | View 990 |
| 2013 | $4.0M | $3.6M | $33.5M | $815K | — | View 990 |
| 2012 | $4.5M | $4.3M | $30.6M | $1.2M | — | View 990 |
| 2011 | $4.6M | $4.0M | $29.4M | $1.2M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $4.8M, expenses of $4.1M, and assets of $36.6M (revenue +8.9% year-over-year).
- 2023: Revenue of $4.4M, expenses of $3.9M, and assets of $34.9M (revenue +0.8% year-over-year).
- 2022: Revenue of $4.4M, expenses of $4.1M, and assets of $32.2M (revenue -37.8% year-over-year).
- 2021: Revenue of $7.0M, expenses of $4.0M, and assets of $37.7M (revenue +107.3% year-over-year).
- 2020: Revenue of $3.4M, expenses of $4.2M, and assets of $31.7M (revenue -23.5% year-over-year).
- 2019: Revenue of $4.4M, expenses of $4.3M, and assets of $31.8M (revenue +8.3% year-over-year).
- 2018: Revenue of $4.1M, expenses of $3.8M, and assets of $31.5M (revenue +297.9% year-over-year).
- 2017: Revenue of $1.0M, expenses of $1.7M, and assets of $30.8M (revenue -77.4% year-over-year).
- 2016: Revenue of $4.5M, expenses of $3.8M, and assets of $30.7M (revenue +5.3% year-over-year).
- 2015: Revenue of $4.3M, expenses of $3.8M, and assets of $31.6M (revenue -4.3% year-over-year).
- 2014: Revenue of $4.5M, expenses of $3.7M, and assets of $33.9M (revenue +14.1% year-over-year).
- 2013: Revenue of $4.0M, expenses of $3.6M, and assets of $33.5M (revenue -11.9% year-over-year).
- 2012: Revenue of $4.5M, expenses of $4.3M, and assets of $30.6M (revenue -3.3% year-over-year).
- 2011: Revenue of $4.6M, expenses of $4.0M, and assets of $29.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for United Way Of Broome County Inc:
Data Sources and Methodology
This transparency report for United Way Of Broome County 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.