United Way Of Waco Mclennan County
EIN: 741189027 · Waco, TX · NTEE: T70Z
| Metric | Value |
|---|---|
| Total Revenue | $1000K |
| Total Expenses | $1.6M |
| Net Assets | $433K |
Is United Way Of Waco Mclennan County 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 Waco Mclennan County
United Way Of Waco Mclennan County (EIN: 741189027) is a nonprofit organization based in Waco, TX, classified under NTEE code T70Z. The organization reported total revenue of $1000K 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 Waco Mclennan County's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
United Way Of Waco Mclennan County is a small nonprofit that has been operating for 73 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.6M |
| Surplus / Deficit | $-391,128 |
| Total Assets | $1.5M |
| Total Liabilities | $1.1M |
| Net Assets | $433K |
| Operating Margin | -32.6% |
| Debt-to-Asset Ratio | 71.5% |
| Months of Reserves | 11.5 months |
Financial Health Grade: C
In 2023, United Way Of Waco Mclennan County reported a deficit of $391K with expenses exceeding revenue, holds 11.5 months of operating reserves (strong position), has a debt-to-asset ratio of 71.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), United Way Of Waco Mclennan County's revenue has declined at a compound annual growth rate (CAGR) of -3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.1% | +26.7% | +18.8% |
| 2022 | -34.4% | +56.7% | +4.3% |
| 2021 | -1.4% | -56.4% | +18.5% |
| 2020 | -0.4% | -22.3% | -28.6% |
| 2019 | -23.4% | +45.5% | -9.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1953 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for United Way Of Waco Mclennan County 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 Waco Mclennan County 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 $391K, with expenses exceeding revenue.
- Debt-to-asset ratio: 71.5%.
Frequently Asked Questions about United Way Of Waco Mclennan County
Is United Way Of Waco Mclennan County a legitimate charity?
United Way Of Waco Mclennan County (EIN: 741189027) is a registered tax-exempt nonprofit based in Texas. It has 13 years of IRS 990 filings on record. Total revenue: $1000K. No red flags identified. Financial health grade: C.
How does United Way Of Waco Mclennan County spend its money?
United Way Of Waco Mclennan County reported $1000K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to United Way Of Waco Mclennan County tax-deductible?
United Way Of Waco Mclennan County is registered as a tax-exempt nonprofit (EIN: 741189027). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is United Way Of Waco Mclennan County located?
United Way Of Waco Mclennan County is headquartered in Waco, Texas and files with the IRS under EIN 741189027. It is classified under NTEE code T70Z.
How many years of IRS 990 filings does United Way Of Waco Mclennan County have?
United Way Of Waco Mclennan County 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 $1000K in total revenue.
Filing History
IRS 990 filing history for United Way Of Waco Mclennan County showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), United Way Of Waco Mclennan County's revenue has declined by 35.5%, moving from $1.9M to $1.2M. Total assets decreased by 24.1% over the same period, from $2.0M to $1.5M. Total functional expenses fell by 26.8%, from $2.2M to $1.6M. In its most recent filing year (2023), United Way Of Waco Mclennan County reported a deficit of $391K, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $1.5M in assets (debt-to-asset ratio: 71.5%), resulting in net assets of $433K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.6M | $1.5M | $1.1M | — | — |
| 2022 | $1.0M | $1.3M | $1.3M | $455K | — | View 990 |
| 2021 | $1.6M | $801K | $1.2M | $81K | — | View 990 |
| 2020 | $1.6M | $1.8M | $1.0M | $637K | — | — |
| 2019 | $1.6M | $2.4M | $1.4M | $788K | — | View 990 |
| 2018 | $2.1M | $1.6M | $1.6M | $160K | — | View 990 |
| 2017 | $1.3M | $1.9M | $1.2M | $201K | — | View 990 |
| 2016 | $1.9M | $1.8M | $1.9M | $310K | — | View 990 |
| 2015 | $1.8M | $1.9M | $1.9M | $344K | — | View 990 |
| 2014 | $1.9M | $2.0M | $2.0M | $373K | — | View 990 |
| 2013 | $2.0M | $2.1M | $2.0M | $314K | — | View 990 |
| 2012 | $2.1M | $2.0M | $2.2M | $378K | — | View 990 |
| 2011 | $1.9M | $2.2M | $2.0M | $333K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.6M, and assets of $1.5M (revenue +17.1% year-over-year).
- 2022: Revenue of $1.0M, expenses of $1.3M, and assets of $1.3M (revenue -34.4% year-over-year).
- 2021: Revenue of $1.6M, expenses of $801K, and assets of $1.2M (revenue -1.4% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.8M, and assets of $1.0M (revenue -0.4% year-over-year).
- 2019: Revenue of $1.6M, expenses of $2.4M, and assets of $1.4M (revenue -23.4% year-over-year).
- 2018: Revenue of $2.1M, expenses of $1.6M, and assets of $1.6M (revenue +57.3% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.9M, and assets of $1.2M (revenue -30.3% year-over-year).
- 2016: Revenue of $1.9M, expenses of $1.8M, and assets of $1.9M (revenue +3.4% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.9M, and assets of $1.9M (revenue -3.9% year-over-year).
- 2014: Revenue of $1.9M, expenses of $2.0M, and assets of $2.0M (revenue -3.9% year-over-year).
- 2013: Revenue of $2.0M, expenses of $2.1M, and assets of $2.0M (revenue -7.1% year-over-year).
- 2012: Revenue of $2.1M, expenses of $2.0M, and assets of $2.2M (revenue +14.7% year-over-year).
- 2011: Revenue of $1.9M, expenses of $2.2M, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for United Way Of Waco Mclennan County:
Data Sources and Methodology
This transparency report for United Way Of Waco Mclennan County 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.