United Way Of Martin County Foundation Inc
United Way Of Martin County Foundation consistently grows assets with minimal operational expenses and no reported officer compensation.
EIN: 203521388 · Stuart, FL · NTEE: T20 · Updated: 2026-03-28
Is United Way Of Martin County Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
United Way Of Martin County Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About United Way Of Martin County Foundation Inc
United Way Of Martin County Foundation Inc (EIN: 203521388) is a nonprofit organization based in Stuart, FL, classified under NTEE code T20. The organization reported total revenue of $16.4M and total assets of $8.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of United Way Of Martin County Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates United Way Of Martin County Foundation Inc with a Mission Score of 92 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: 85%
- fundraising: 5%
According to IRS 990 filings, United Way Of Martin County Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through an affiliated entity, which enhances its financial efficiency and transparency regarding executive pay.
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 Way Of Martin County Foundation Inc's IRS 990 filings:
- Lack of detailed program spending breakdown within the provided data, making it difficult to assess direct programmatic impact beyond asset growth.
Strengths
The following positive indicators were identified for United Way Of Martin County Foundation Inc:
- Strong financial health with consistent revenue exceeding expenses, leading to significant asset growth (from $3,078,422 in 201506 to $7,555,772 in 202306).
- Exceptional spending efficiency with very low operational expenses relative to revenue (e.g., $146,414 expenses on $1,008,819 revenue in 202306).
- High transparency regarding executive compensation, reporting 0% officer compensation across all filings.
- Consistent growth in assets over time, indicating strong financial management and long-term stability.
Frequently Asked Questions about United Way Of Martin County Foundation Inc
Is United Way Of Martin County Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, United Way Of Martin County Foundation Inc (EIN: 203521388) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does United Way Of Martin County Foundation Inc spend its money?
United Way Of Martin County Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to United Way Of Martin County Foundation Inc tax-deductible?
United Way Of Martin County Foundation Inc is registered as a tax-exempt nonprofit (EIN: 203521388). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the primary use of the significant revenue surplus each year?
The consistent revenue surplus, such as $862,405 in 202306 (Revenue $1,008,819 - Expenses $146,414), appears to be primarily reinvested, contributing to the substantial growth in the organization's assets, which increased from $3,078,422 in 201506 to $7,555,772 in 202306.
How does the foundation distribute its funds to programs?
While the filings show low operational expenses, the NTEE code T20 (Foundations, Grantmaking & Giving) suggests its primary program activity is grantmaking. The low expense figures imply that the majority of its programmatic impact comes from grants to other organizations rather than direct service delivery.
Is the lack of officer compensation sustainable or indicative of external support?
The consistent 0% officer compensation across all filings strongly suggests that executive leadership is either entirely volunteer-based or compensated by an affiliated United Way entity, which is a common structure for foundations within larger networks. This model is sustainable as long as the external support or volunteer commitment remains.
Filing History
IRS 990 filing history for United Way Of Martin County Foundation Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), United Way Of Martin County Foundation Inc's revenue has grown by 34.7%, moving from $749K to $1.0M. Total assets increased by 234.7% over the same period, from $2.3M to $7.6M. Total functional expenses fell by 53.3%, from $314K to $146K. In its most recent filing year (2023), United Way Of Martin County Foundation Inc reported a surplus of $862K, with revenue exceeding expenses. The organization holds $20K in liabilities against $7.6M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $7.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $146K | $7.6M | $20K | — | View 990 |
| 2022 | $1.1M | $149K | $6.4M | $17K | — | View 990 |
| 2021 | $943K | $187K | $6.6M | $81K | — | View 990 |
| 2020 | $229K | $197K | $5.1M | $90K | — | View 990 |
| 2019 | $327K | $162K | $5.1M | $100K | — | View 990 |
| 2018 | $622K | $696K | $4.9M | $122K | — | View 990 |
| 2017 | $458K | $232K | $4.8M | $98K | — | View 990 |
| 2016 | $1.6M | $217K | $4.4M | $60K | — | View 990 |
| 2015 | $106K | $201K | $3.1M | $51K | — | View 990 |
| 2014 | $1.0M | $345K | $3.2M | $50K | — | View 990 |
| 2013 | $749K | $314K | $2.3M | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $146K, and assets of $7.6M (revenue -11.1% year-over-year).
- 2022: Revenue of $1.1M, expenses of $149K, and assets of $6.4M (revenue +20.3% year-over-year).
- 2021: Revenue of $943K, expenses of $187K, and assets of $6.6M (revenue +312.0% year-over-year).
- 2020: Revenue of $229K, expenses of $197K, and assets of $5.1M (revenue -30.1% year-over-year).
- 2019: Revenue of $327K, expenses of $162K, and assets of $5.1M (revenue -47.3% year-over-year).
- 2018: Revenue of $622K, expenses of $696K, and assets of $4.9M (revenue +35.7% year-over-year).
- 2017: Revenue of $458K, expenses of $232K, and assets of $4.8M (revenue -70.8% year-over-year).
- 2016: Revenue of $1.6M, expenses of $217K, and assets of $4.4M (revenue +1383.3% year-over-year).
- 2015: Revenue of $106K, expenses of $201K, and assets of $3.1M (revenue -89.7% year-over-year).
- 2014: Revenue of $1.0M, expenses of $345K, and assets of $3.2M (revenue +37.8% year-over-year).
- 2013: Revenue of $749K, expenses of $314K, and assets of $2.3M.
Data Sources and Methodology
This transparency report for United Way Of Martin County Foundation 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.