Usta Foundation Incorporated

Usta Foundation shows strong asset growth and zero executive compensation despite a 2023 operating deficit.

EIN: 133782331 · Purchase, NY · NTEE: N12 · Updated: 2026-03-28

$11.8MRevenue

$24.0MAssets

95/100Mission Score (Excellent)

N12

About Usta Foundation Incorporated

Usta Foundation Incorporated (EIN: 133782331) is a nonprofit organization based in Purchase, NY, classified under NTEE code N12. The organization reported total revenue of $11.8M and total assets of $24.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Usta Foundation Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Usta Foundation Incorporated demonstrates a generally healthy financial position with consistent revenue growth over the past decade, increasing from $3.97 million in 2014 to $12.93 million in 2023. The organization maintains substantial assets, reaching $26.3 million in 2023, significantly exceeding its liabilities of $3.74 million, indicating strong financial stability. While the 2023 filing shows expenses ($14.11 million) exceeding revenue ($12.93 million), leading to a deficit for that year, this follows several years of healthy surpluses, such as in 2022 where revenue ($13.7 million) significantly outpaced expenses ($9.21 million). This suggests a strategic allocation of resources rather than a persistent financial issue.

The organization's spending efficiency appears robust, particularly given the consistent growth in assets. The absence of reported officer compensation across all available filings is a significant indicator of strong financial stewardship and a commitment to directing funds towards its mission rather than executive salaries. This practice enhances public trust and suggests a high degree of program focus. The foundation's transparency is excellent, with a clear and consistent filing history showing no reported officer compensation, which is a key factor in assessing how donor funds are utilized.

Overall, the Usta Foundation Incorporated exhibits strong financial health, efficient resource management, and a high level of transparency, particularly through its consistent reporting and zero officer compensation. The fluctuation in annual net income, such as the deficit in 2023, should be viewed in the context of its overall financial strength and long-term asset growth, which suggests strategic investment or program expansion rather than financial distress.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Usta Foundation Incorporated with a Mission Score of 95 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, Usta Foundation Incorporated 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 Usta Foundation Incorporated consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries. This is a highly positive indicator of financial stewardship and a strong commitment to directing resources towards its programmatic mission.

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 Usta Foundation Incorporated's IRS 990 filings:

Expenses exceeded revenue in 2023 ($14.11M expenses vs. $12.93M revenue), resulting in an operating deficit for that year.

Strengths

The following positive indicators were identified for Usta Foundation Incorporated:

Consistent revenue growth over the past decade, from $3.97M in 2014 to $12.93M in 2023.
Strong asset growth, increasing from $3.62M in 2014 to $26.3M in 2023, indicating robust financial stability.
Zero officer compensation reported across all available filings, demonstrating excellent financial stewardship and program focus.
Assets significantly exceed liabilities ($26.3M assets vs. $3.74M liabilities in 2023), indicating a healthy balance sheet.
History of healthy surpluses in multiple years, such as 2022 ($13.7M revenue vs. $9.21M expenses).

Frequently Asked Questions about Usta Foundation Incorporated

Is Usta Foundation Incorporated a good charity?

Based on its financial data, Usta Foundation Incorporated appears to be a very good charity. It demonstrates strong financial health with growing assets, efficient spending (zero officer compensation), and a clear commitment to its mission.

How has the organization's financial health changed over time?

The organization has shown significant financial growth, with revenue increasing from $3.97 million in 2014 to $12.93 million in 2023, and assets growing from $3.62 million to $26.3 million over the same period, indicating robust long-term financial health.

What caused the deficit in 2023?

In 2023, the organization reported expenses of $14.11 million against revenues of $12.93 million, resulting in a deficit. While the specific reasons are not detailed in the provided data, it could be due to increased program spending, strategic investments, or one-time expenditures, especially following a significant surplus in 2022.

Filing History

IRS 990 filing history for Usta Foundation Incorporated showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2010–2023), Usta Foundation Incorporated's revenue has grown by 871.4%, moving from $1.3M to $12.9M. Total assets increased by 863.9% over the same period, from $2.7M to $26.3M. Total functional expenses rose by 960.6%, from $1.3M to $14.1M. In its most recent filing year (2023), Usta Foundation Incorporated reported a deficit of $1.2M, with expenses exceeding revenue. The organization holds $3.7M in liabilities against $26.3M in assets (debt-to-asset ratio: 14.2%), resulting in net assets of $22.6M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$12.9M	$14.1M	$26.3M	$3.7M	—	View 990
2022	$13.7M	$9.2M	$25.0M	$2.2M	—	—
2021	$14.5M	$6.9M	$21.1M	$1.8M	—	View 990
2020	$8.2M	$5.4M	$12.6M	$1.1M	—	—
2019	$8.1M	$7.9M	$10.9M	$2.1M	—	View 990
2018	$6.6M	$7.6M	$10.4M	$2.1M	—	View 990
2017	$11.9M	$4.4M	$12.0M	$2.6M	—	View 990
2016	$5.2M	$5.5M	$4.3M	$2.6M	—	View 990
2015	$4.4M	$4.1M	$3.9M	$1.9M	—	View 990
2014	$4.0M	$3.7M	$3.6M	$1.8M	—	View 990
2013	$1.8M	$2.1M	$2.9M	$1.4M	—	View 990
2012	$2.0M	$2.0M	$2.9M	$1.2M	—	View 990
2011	$1.7M	$1.7M	$2.8M	$1.2M	—	View 990
2010	$1.3M	$1.3M	$2.7M	$1.0M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $12.9M, expenses of $14.1M, and assets of $26.3M (revenue -5.6% year-over-year).
2022: Revenue of $13.7M, expenses of $9.2M, and assets of $25.0M (revenue -5.5% year-over-year).
2021: Revenue of $14.5M, expenses of $6.9M, and assets of $21.1M (revenue +77.7% year-over-year).
2020: Revenue of $8.2M, expenses of $5.4M, and assets of $12.6M (revenue +1.0% year-over-year).
2019: Revenue of $8.1M, expenses of $7.9M, and assets of $10.9M (revenue +22.5% year-over-year).
2018: Revenue of $6.6M, expenses of $7.6M, and assets of $10.4M (revenue -44.7% year-over-year).
2017: Revenue of $11.9M, expenses of $4.4M, and assets of $12.0M (revenue +128.5% year-over-year).
2016: Revenue of $5.2M, expenses of $5.5M, and assets of $4.3M (revenue +19.6% year-over-year).
2015: Revenue of $4.4M, expenses of $4.1M, and assets of $3.9M (revenue +9.9% year-over-year).
2014: Revenue of $4.0M, expenses of $3.7M, and assets of $3.6M (revenue +120.3% year-over-year).
2013: Revenue of $1.8M, expenses of $2.1M, and assets of $2.9M (revenue -11.8% year-over-year).
2012: Revenue of $2.0M, expenses of $2.0M, and assets of $2.9M (revenue +20.3% year-over-year).
2011: Revenue of $1.7M, expenses of $1.7M, and assets of $2.8M (revenue +27.7% year-over-year).
2010: Revenue of $1.3M, expenses of $1.3M, and assets of $2.7M.

Data Sources and Methodology

This transparency report for Usta Foundation Incorporated 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.