United Way Of Magic Valley Inc
EIN: 820256978 · Twin Falls, ID · NTEE: T70Z
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $1.5M |
| Net Assets | $153K |
Is United Way Of Magic Valley Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About United Way Of Magic Valley Inc
United Way Of Magic Valley Inc (EIN: 820256978) is a nonprofit organization based in Twin Falls, ID, classified under NTEE code T70Z. The organization reported total revenue of $1.3M and total assets of $717K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of United Way Of Magic Valley Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
United Way Of Magic Valley Inc is a mid-size nonprofit that has been operating for 54 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.5M |
| Surplus / Deficit | $-257,716 |
| Total Assets | $166K |
| Total Liabilities | $13K |
| Net Assets | $153K |
| Operating Margin | -21.5% |
| Debt-to-Asset Ratio | 7.9% |
| Months of Reserves | 1.4 months |
Financial Health Grade: C
In 2023, United Way Of Magic Valley Inc reported a deficit of $258K with expenses exceeding revenue, holds 1.4 months of operating reserves (limited), has a debt-to-asset ratio of 7.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), United Way Of Magic Valley Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -29.6% | -0.4% | -65.3% |
| 2022 | +137.8% | +101.0% | +21.7% |
| 2021 | +105.5% | +157.1% | +99.5% |
| 2020 | -3.7% | -12.8% | +61.9% |
| 2019 | +122.1% | +75.0% | +85.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1972 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for United Way Of Magic Valley Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates United Way Of Magic Valley Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $258K, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.9%.
Frequently Asked Questions about United Way Of Magic Valley Inc
Is United Way Of Magic Valley Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, United Way Of Magic Valley Inc (EIN: 820256978) insufficient data. 0 red flags identified, 0 strengths noted.
How does United Way Of Magic Valley Inc spend its money?
Detailed spending breakdown data is not yet available for United Way Of Magic Valley Inc. Check back for updated IRS 990 analysis.
Are donations to United Way Of Magic Valley Inc tax-deductible?
United Way Of Magic Valley Inc is registered as a tax-exempt nonprofit (EIN: 820256978). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is United Way Of Magic Valley Inc located?
United Way Of Magic Valley Inc is headquartered in Twin Falls, Idaho and files with the IRS under EIN 820256978. It is classified under NTEE code T70Z.
How many years of IRS 990 filings does United Way Of Magic Valley Inc have?
United Way Of Magic Valley Inc has 13 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 $1.3M in total revenue.
Filing History
IRS 990 filing history for United Way Of Magic Valley Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), United Way Of Magic Valley Inc's revenue has grown by 469.9%, moving from $210K to $1.2M. Total assets decreased by 35.8% over the same period, from $259K to $166K. Total functional expenses rose by 607.3%, from $206K to $1.5M. In its most recent filing year (2023), United Way Of Magic Valley Inc reported a deficit of $258K, with expenses exceeding revenue. The organization holds $13K in liabilities against $166K in assets (debt-to-asset ratio: 7.9%), resulting in net assets of $153K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.5M | $166K | $13K | — | — |
| 2022 | $1.7M | $1.5M | $478K | $77K | — | View 990 |
| 2021 | $716K | $727K | $393K | $233K | — | View 990 |
| 2020 | $349K | $283K | $197K | $26K | — | — |
| 2019 | $362K | $324K | $122K | $17K | — | View 990 |
| 2018 | $163K | $185K | $66K | $46K | — | View 990 |
| 2017 | $187K | $262K | $41K | $20K | — | — |
| 2016 | $212K | $303K | $118K | $22K | — | View 990 |
| 2015 | $206K | $247K | $204K | $17K | — | View 990 |
| 2014 | $237K | $211K | $234K | $8K | — | View 990 |
| 2013 | $216K | $187K | $230K | $31K | — | View 990 |
| 2012 | $155K | $217K | $203K | $32K | — | View 990 |
| 2011 | $210K | $206K | $259K | $26K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.5M, and assets of $166K (revenue -29.6% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.5M, and assets of $478K (revenue +137.8% year-over-year).
- 2021: Revenue of $716K, expenses of $727K, and assets of $393K (revenue +105.5% year-over-year).
- 2020: Revenue of $349K, expenses of $283K, and assets of $197K (revenue -3.7% year-over-year).
- 2019: Revenue of $362K, expenses of $324K, and assets of $122K (revenue +122.1% year-over-year).
- 2018: Revenue of $163K, expenses of $185K, and assets of $66K (revenue -12.9% year-over-year).
- 2017: Revenue of $187K, expenses of $262K, and assets of $41K (revenue -11.6% year-over-year).
- 2016: Revenue of $212K, expenses of $303K, and assets of $118K (revenue +2.9% year-over-year).
- 2015: Revenue of $206K, expenses of $247K, and assets of $204K (revenue -13.3% year-over-year).
- 2014: Revenue of $237K, expenses of $211K, and assets of $234K (revenue +10.0% year-over-year).
- 2013: Revenue of $216K, expenses of $187K, and assets of $230K (revenue +39.4% year-over-year).
- 2012: Revenue of $155K, expenses of $217K, and assets of $203K (revenue -26.4% year-over-year).
- 2011: Revenue of $210K, expenses of $206K, and assets of $259K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for United Way Of Magic Valley Inc:
Data Sources and Methodology
This transparency report for United Way Of Magic Valley 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.