Union Development Corporation

Analysis

Union Development Corporation is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in November 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Union Development Corporation reported income of $786k and spending of $795k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $415k to $786k (+89%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 71%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Union Development Corporation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Hoofbeats with Heart ($786k), Danville-Boyle County Senior Citizens Inc ($786k) and Tivnu Building Justice ($786k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $296k. It paid $37k in professional fundraising fees. At year end it held assets of $535k against liabilities of $32k, net assets of $503k. It reported 4 employees.