United Way Of Spencer

United Way Of Spencer experiences significant revenue and asset growth with zero officer compensation.

EIN: 217188191 · Spencer, IA · NTEE: T70 · Updated: 2026-03-28

$261KRevenue
$1.3MAssets
92/100Mission Score (Excellent)
T70

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United Way Of Spencer Financial Summary
MetricValue
Total Revenue$261K
Total Expenses$521K
Program Spending90%
Net Assets$1.5M
Transparency Score92/100

Search Intent Cockpit

United Way Of Spencer Form 990, Revenue, CEO Pay, and IRS Filing Signals

United Way Of Spencer is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around United Way Of Spencer in one place.

Form 990 Filing Summary

12 filing years are available, with latest revenue of $1.7M and expenses of $521K.

Revenue and Expenses

United Way Of Spencer reported $1.7M in revenue and $521K in expenses, a surplus of $1.1M.

Executive Compensation

Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.

Charity Score and Red Flags

92/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.

Is United Way Of Spencer Legit?

Some Concerns

GoodFiling Consistency
ExcellentSpending Efficiency
GoodTransparency
1 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

PendingDonor/Grant Funding
90%Program Expense
$0Grants Paid
12Stored Filing Years

Revenue Source Mix

Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.

Expense Deployment

United Way Of Spencer Expense Deployment
Program services$469K (90%)

Across stored filings, United Way Of Spencer shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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United Way Of Spencer Donor Decision Matrix
Decision LensSignalWhat to Inspect Next
LegitimacySome ConcernsGood filing record; 1 red flag identified
Mission spend90% to programsExcellent
Financial durabilityGrade A12 stored filing years
Peer contextCompare with Latinas Unidas Por Un Nuevo AmanecerIowa and Philanthropy context

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United Way Of Spencer directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About United Way Of Spencer

United Way Of Spencer (EIN: 217188191) is a nonprofit organization based in Spencer, IA, classified under NTEE code T70. The organization reported total revenue of $261K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of United Way Of Spencer's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

53Years Operating
SmallSize Classification
12Years of Filings
GrowingRevenue Trajectory

United Way Of Spencer is a small nonprofit that has been operating for 53 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 27.9%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Total Revenue$1.7M
Total Expenses$521K
Surplus / Deficit+$1.1M
Total Assets$1.5M
Net Assets$1.5M
Operating Margin68.6%
Months of Reserves34.3 months

Financial Health Grade: A

In 2023, United Way Of Spencer reported a surplus of $1.1M with revenue exceeding expenses, holds 34.3 months of operating reserves (strong position).

Financial Trends

Over 12 years of filings (2012–2023), United Way Of Spencer's revenue has grown at a compound annual growth rate (CAGR) of 27.9%.

YearRevenue ChangeExpense ChangeAsset Change
2023+406.8%+179.4%+325.8%
2022+58.4%+9.6%+66.9%
2021+8.7%+5.3%+21.4%
2020+19.6%+8.1%+20.8%
2019+3.0%-7.7%+7.3%

IRS Tax-Exempt Classification

IRS Classification Codes1000
IRS Ruling Date1973

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

United Way Of Spencer demonstrates strong financial health, particularly in its most recent filing period (202303) where revenue surged to $1,660,793, significantly outpacing expenses of $520,740. This resulted in a substantial increase in assets to $1,489,980, indicating effective financial management and growth. The organization consistently reports zero officer compensation across all available filings, which is a strong indicator of volunteer leadership and efficient use of donor funds, contributing positively to its spending efficiency. The organization's spending efficiency appears robust, with expenses generally well below revenue, especially in recent years. For instance, in 202303, only 31% of revenue was spent, allowing for significant asset accumulation. The consistent reporting of zero liabilities in most periods also points to sound financial practices and a low-risk profile. While specific program spending ratios are not detailed in the provided data, the overall financial picture suggests a well-managed entity. Transparency is high given the consistent filing of IRS Form 990s and the clear reporting of key financial metrics. The absence of officer compensation is a notable transparency point, assuring donors that contributions are not being used for executive salaries. The organization's financial trajectory, especially the recent growth, suggests a healthy and expanding operation capable of fulfilling its mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates United Way Of Spencer 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: 5%
  • programs: 90%
  • fundraising: 5%

According to IRS 990 filings, United Way Of Spencer 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 (2023)

From the most recent IRS 990 filing on record:

$1.7MTotal Revenue
$521KTotal Expenses
$1.5MTotal Assets
$1.5MNet Assets
  • The organization reported a surplus of $1.1M, with revenue exceeding expenses.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that the organization relies on volunteer leadership or that compensation falls below reporting thresholds, which is highly favorable for donor confidence and resource allocation.

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 Spencer's IRS 990 filings:

  • Significant year-over-year revenue volatility (e.g., $327,729 in 202203 to $1,660,793 in 202303) which could indicate reliance on large, infrequent grants or donations.

Strengths

The following positive indicators were identified for United Way Of Spencer:

  • Consistent zero officer compensation across all filings, indicating volunteer leadership and efficient use of funds.
  • Substantial asset growth, particularly in the latest filing period (202303), demonstrating strong financial health and capacity.
  • Low liabilities, with most periods reporting $0, suggesting sound financial management and low financial risk.
  • Revenue significantly exceeding expenses in recent periods, allowing for asset accumulation and future program investment (e.g., 202303 revenue $1,660,793 vs. expenses $520,740).

Frequently Asked Questions about United Way Of Spencer

Is United Way Of Spencer a legitimate charity?

United Way Of Spencer (EIN: 217188191) is a registered tax-exempt nonprofit based in Iowa. Our AI analysis gives it a Mission Score of 92/100. It has 12 years of IRS 990 filings on record. Total revenue: $261K. 1 red flag identified. 4 strengths noted. Financial health grade: A.

How does United Way Of Spencer spend its money?

United Way Of Spencer directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.

Are donations to United Way Of Spencer tax-deductible?

United Way Of Spencer is registered as a tax-exempt nonprofit (EIN: 217188191). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

What percentage of United Way Of Spencer's spending goes to programs?

United Way Of Spencer directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.

How does United Way Of Spencer compare to similar nonprofits?

With a transparency score of 92/100 (Excellent), United Way Of Spencer is above average for NTEE category T70 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.

Where is United Way Of Spencer located?

United Way Of Spencer is headquartered in Spencer, Iowa and files with the IRS under EIN 217188191. It is classified under NTEE code T70.

How many years of IRS 990 filings does United Way Of Spencer have?

United Way Of Spencer has 12 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 $261K in total revenue.

Is United Way Of Spencer a good charity?

Based on the provided financial data, United Way Of Spencer appears to be a very good charity. It demonstrates strong financial health, significant asset growth, and a consistent record of zero officer compensation, indicating efficient use of funds and volunteer leadership.

How has United Way Of Spencer's revenue changed over time?

United Way Of Spencer's revenue has shown significant growth, particularly in the 202303 period, jumping to $1,660,793 from $327,729 in 202203. Prior to this, revenue fluctuated but generally trended upwards from $135,553 in 201503.

What is the organization's asset growth like?

The organization has experienced substantial asset growth, especially in the latest period, with assets increasing from $349,927 in 202203 to $1,489,980 in 202303. This indicates strong financial accumulation and stability.

Filing History

IRS 990 filing history for United Way Of Spencer showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2012–2023), United Way Of Spencer's revenue has grown by 1403.5%, moving from $110K to $1.7M. Total assets increased by 1227.5% over the same period, from $112K to $1.5M. Total functional expenses rose by 507.3%, from $86K to $521K. In its most recent filing year (2023), United Way Of Spencer reported a surplus of $1.1M, with revenue exceeding expenses.

YearRevenueExpensesAssetsLiabilitiesOfficer Comp. %PDF
2023 $1.7M $521K $1.5M $0
2022 $328K $186K $350K $0 View 990
2021 $207K $170K $210K $1K
2020 $190K $162K $173K $959
2019 $159K $149K $143K $0 View 990
2018 $154K $162K $133K $0
2017 $176K $187K $141K $0 View 990
2016 $184K $196K $152K $0 View 990
2015 $136K $167K $165K $0 View 990
2014 $159K $135K $196K $0 View 990
2013 $194K $134K $172K $0 View 990
2012 $110K $86K $112K $0 View 990

Year-by-Year Financial Summary

  • 2023: Revenue of $1.7M, expenses of $521K, and assets of $1.5M (revenue +406.8% year-over-year).
  • 2022: Revenue of $328K, expenses of $186K, and assets of $350K (revenue +58.4% year-over-year).
  • 2021: Revenue of $207K, expenses of $170K, and assets of $210K (revenue +8.7% year-over-year).
  • 2020: Revenue of $190K, expenses of $162K, and assets of $173K (revenue +19.6% year-over-year).
  • 2019: Revenue of $159K, expenses of $149K, and assets of $143K (revenue +3.0% year-over-year).
  • 2018: Revenue of $154K, expenses of $162K, and assets of $133K (revenue -12.3% year-over-year).
  • 2017: Revenue of $176K, expenses of $187K, and assets of $141K (revenue -4.2% year-over-year).
  • 2016: Revenue of $184K, expenses of $196K, and assets of $152K (revenue +35.6% year-over-year).
  • 2015: Revenue of $136K, expenses of $167K, and assets of $165K (revenue -14.7% year-over-year).
  • 2014: Revenue of $159K, expenses of $135K, and assets of $196K (revenue -17.9% year-over-year).
  • 2013: Revenue of $194K, expenses of $134K, and assets of $172K (revenue +75.2% year-over-year).
  • 2012: Revenue of $110K, expenses of $86K, and assets of $112K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for United Way Of Spencer:

2023 Filing 2022 Filing 2021 Filing 2020 Filing 2019 Filing 2018 Filing 2017 Filing 2016 Filing 2015 Filing 2014 Filing 2013 Filing 2012 Filing

Data Sources and Methodology

This transparency report for United Way Of Spencer 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.

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