United Way Of Monmouth And Ocean Counties Inc
United Way of Monmouth and Ocean Counties: Declining Revenue, Stable Assets, and Compensation Concerns
EIN: 221828435 · Eatontown, NJ · Updated: 2026-04-04
Is United Way Of Monmouth And Ocean Counties 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 Monmouth And Ocean Counties Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About United Way Of Monmouth And Ocean Counties Inc
United Way Of Monmouth And Ocean Counties Inc (EIN: 221828435) is a nonprofit organization based in Eatontown, NJ. The organization reported total revenue of $2.2M and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of United Way Of Monmouth And Ocean Counties 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 Monmouth And Ocean Counties Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, United Way Of Monmouth And Ocean Counties Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
The filings consistently report $0 in compensation for officers, directors, trustees, and key employees, which is highly unusual for an organization of this size and suggests that compensation may be reported under different categories or through related entities, requiring further scrutiny.
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 Monmouth And Ocean Counties Inc's IRS 990 filings:
- Consistent $0 executive compensation reported across multiple years, which is highly improbable and suggests potential misreporting or alternative compensation structures.
- Significant decline in revenue from $3,702,086 in 2018 to $2,007,505 in 2023, indicating potential financial instability or reduced fundraising effectiveness.
- Lack of detailed breakdown for program spending, making it difficult to assess the true impact and efficiency of the organization's programs.
Strengths
The following positive indicators were identified for United Way Of Monmouth And Ocean Counties Inc:
- Maintained relatively stable assets despite declining revenue, suggesting prudent financial management of existing resources.
- Consistent reporting of financial data over several years, providing a historical view of the organization's financial health.
Frequently Asked Questions about United Way Of Monmouth And Ocean Counties Inc
Is United Way Of Monmouth And Ocean Counties Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, United Way Of Monmouth And Ocean Counties Inc (EIN: 221828435) some concerns. Mission Score: 75/100. 3 red flags identified, 2 strengths noted.
How does United Way Of Monmouth And Ocean Counties Inc spend its money?
United Way Of Monmouth And Ocean Counties Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to United Way Of Monmouth And Ocean Counties Inc tax-deductible?
United Way Of Monmouth And Ocean Counties Inc is registered as a tax-exempt nonprofit (EIN: 221828435). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does United Way Of Monmouth And Ocean Counties Inc do?
United Way Of Monmouth And Ocean Counties Inc is a nonprofit organization in the Unknown sector, located in Eatontown, New Jersey. It is classified under NTEE code Unknown.
How much revenue does United Way Of Monmouth And Ocean Counties Inc have?
United Way Of Monmouth And Ocean Counties Inc reported total revenue of $2,189,174. Based on 13 IRS 990 filings on record.
What are United Way Of Monmouth And Ocean Counties Inc's total assets?
United Way Of Monmouth And Ocean Counties Inc holds total assets of $1,935,991 as reported in IRS 990 filings.
Where is United Way Of Monmouth And Ocean Counties Inc located?
United Way Of Monmouth And Ocean Counties Inc is based in Eatontown, New Jersey.
What is United Way Of Monmouth And Ocean Counties Inc's EIN?
United Way Of Monmouth And Ocean Counties Inc's Employer Identification Number (EIN) is 221828435. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is United Way Of Monmouth And Ocean Counties Inc?
United Way Of Monmouth And Ocean Counties Inc is classified under NTEE code Unknown (Unknown).
Is United Way Of Monmouth And Ocean Counties Inc a registered 501(c)(3)?
United Way Of Monmouth And Ocean Counties Inc appears in IRS records (EIN: 221828435). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does United Way Of Monmouth And Ocean Counties Inc file IRS Form 990?
Yes, United Way Of Monmouth And Ocean Counties Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was United Way Of Monmouth And Ocean Counties Inc's revenue in 2023?
In the 202306 filing period, United Way Of Monmouth And Ocean Counties Inc reported total revenue of $2,007,505, total expenses of $2,080,685, and net assets of $1,914,720.
Is United Way Of Monmouth And Ocean Counties Inc's revenue growing or declining?
United Way Of Monmouth And Ocean Counties Inc's revenue is declining. Revenue went from $2,315,664 (202206) to $2,007,505 (202306), a -13.3% change. Based on 13 filings on record.
What is United Way Of Monmouth And Ocean Counties Inc's most recent 990 filing?
The most recent IRS Form 990 filing for United Way Of Monmouth And Ocean Counties Inc covers tax period 202306. It shows revenue of $2,007,505, expenses of $2,080,685, total assets of $1,914,720, and liabilities of $827,246.
How much does United Way Of Monmouth And Ocean Counties Inc spend on programs vs administration?
Based on IRS 990 analysis, United Way Of Monmouth And Ocean Counties Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is United Way Of Monmouth And Ocean Counties Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, United Way Of Monmouth And Ocean Counties Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for United Way Of Monmouth And Ocean Counties Inc?
The following concerns were identified: Consistent $0 executive compensation reported across multiple years, which is highly improbable and suggests potential misreporting or alternative compensation structures.. Significant decline in revenue from $3,702,086 in 2018 to $2,007,505 in 2023, indicating potential financial instability or reduced fundraising effectiveness.. Lack of detailed breakdown for program spending, making it difficult to assess the true impact and efficiency of the organization's programs.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are United Way Of Monmouth And Ocean Counties Inc's strengths?
Positive indicators for United Way Of Monmouth And Ocean Counties Inc include: Maintained relatively stable assets despite declining revenue, suggesting prudent financial management of existing resources.. Consistent reporting of financial data over several years, providing a historical view of the organization's financial health.. These findings are derived from AI analysis of the organization's financial filings.
How does United Way Of Monmouth And Ocean Counties Inc compensate executives?
The filings consistently report $0 in compensation for officers, directors, trustees, and key employees, which is highly unusual for an organization of this size and suggests that compensation may be reported under different categories or through related entities, requiring further scrutiny. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is United Way Of Monmouth And Ocean Counties Inc?
- The organization's 990-PF filings indicate a consistent 0% compensation for officers, directors, trustees, and key employees, which warrants further investigation given the size of the organization. - Detailed program spending breakdowns are not readily available in the provided data, making a precise assessment of program efficiency challenging. - The provided data lacks specific details on how funds are allocated across different programs, limiting a comprehensive transparency evaluation. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent reporting of $0 compensation for key personnel, how are the organization's leadership and essential staff compensated, and what is the total cost of their remuneration?
The provided data consistently shows $0 for officer, director, trustee, and key employee compensation. This is highly unusual and suggests that compensation may be reported under other expense categories, paid by a related entity, or that the organization relies heavily on unpaid volunteers for leadership roles, which would need to be verified through more detailed financial statements or direct inquiry.
What specific factors have contributed to the significant decline in revenue from $3,702,086 in 2018 to $2,007,505 in 2023, and what strategies are being implemented to reverse this trend?
The data indicates a substantial revenue decline over five years. Without additional information, it's impossible to pinpoint the exact causes (e.g., reduced donations, loss of grants, economic factors). To understand this, one would need to review fundraising reports, grant applications, and strategic plans to identify the contributing factors and the organization's recovery strategies.
Filing History
IRS 990 filing history for United Way Of Monmouth And Ocean Counties Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), United Way Of Monmouth And Ocean Counties Inc's revenue has declined by 23.3%, moving from $2.6M to $2.0M. Total assets increased by 5.8% over the same period, from $1.8M to $1.9M. Total functional expenses fell by 21.3%, from $2.6M to $2.1M. In its most recent filing year (2023), United Way Of Monmouth And Ocean Counties Inc reported a deficit of $73K, with expenses exceeding revenue. The organization holds $827K in liabilities against $1.9M in assets (debt-to-asset ratio: 43.2%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $2.1M | $1.9M | $827K | — | View 990 |
| 2022 | $2.3M | $2.4M | $1.8M | $687K | — | View 990 |
| 2021 | $2.5M | $2.7M | $2.0M | $725K | — | View 990 |
| 2020 | $2.3M | $2.6M | $2.1M | $729K | — | View 990 |
| 2019 | $2.4M | $2.8M | $2.4M | $777K | — | View 990 |
| 2018 | $3.7M | $3.6M | $3.0M | $1.1M | — | View 990 |
| 2017 | $3.5M | $3.6M | $2.8M | $899K | — | View 990 |
| 2016 | $3.1M | $4.4M | $2.1M | $557K | — | View 990 |
| 2015 | $4.4M | $5.9M | $4.0M | $1.0M | — | View 990 |
| 2014 | $4.9M | $4.4M | $5.4M | $851K | — | View 990 |
| 2013 | $5.2M | $2.9M | $4.5M | $469K | — | View 990 |
| 2012 | $2.6M | $2.4M | $2.2M | $529K | — | View 990 |
| 2011 | $2.6M | $2.6M | $1.8M | $377K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $2.1M, and assets of $1.9M (revenue -13.3% year-over-year).
- 2022: Revenue of $2.3M, expenses of $2.4M, and assets of $1.8M (revenue -6.7% year-over-year).
- 2021: Revenue of $2.5M, expenses of $2.7M, and assets of $2.0M (revenue +6.4% year-over-year).
- 2020: Revenue of $2.3M, expenses of $2.6M, and assets of $2.1M (revenue -4.1% year-over-year).
- 2019: Revenue of $2.4M, expenses of $2.8M, and assets of $2.4M (revenue -34.3% year-over-year).
- 2018: Revenue of $3.7M, expenses of $3.6M, and assets of $3.0M (revenue +4.6% year-over-year).
- 2017: Revenue of $3.5M, expenses of $3.6M, and assets of $2.8M (revenue +15.2% year-over-year).
- 2016: Revenue of $3.1M, expenses of $4.4M, and assets of $2.1M (revenue -29.6% year-over-year).
- 2015: Revenue of $4.4M, expenses of $5.9M, and assets of $4.0M (revenue -10.4% year-over-year).
- 2014: Revenue of $4.9M, expenses of $4.4M, and assets of $5.4M (revenue -6.7% year-over-year).
- 2013: Revenue of $5.2M, expenses of $2.9M, and assets of $4.5M (revenue +97.8% year-over-year).
- 2012: Revenue of $2.6M, expenses of $2.4M, and assets of $2.2M (revenue +0.8% year-over-year).
- 2011: Revenue of $2.6M, expenses of $2.6M, and assets of $1.8M.
Data Sources and Methodology
This transparency report for United Way Of Monmouth And Ocean Counties 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.