Union Arena Inc

Analysis

Union Arena Inc is a registered charity in United States, based in Woodstock, VT. It received its IRS tax-exemption ruling in March 1999, 27 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 May 2024, Union Arena Inc reported income of $596k and spending of $598k, spending 100% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $529k to $596k (+13%), an average of +3.0% a year. The sharpest change came in the year to May 2024, when income rose by 18%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Union Arena Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within VT. Charities of a similar size with the same main cause include Germantown Baseball League Inc ($596k), Orange County Wine Society Inc ($596k) and Lincoln Way Swim Association ($596k).

On its Form 990 for the period ending May 2024, revenue came from program service revenue 75% of the total. Compensation of current officers, directors and key employees was $81k (13% of expenses). Other salaries and wages came to $102k. At year end it held assets of $784k against liabilities of $141k, net assets of $644k. It reported 19 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.