United for a Fair Economy Inc

Analysis

United for a Fair Economy Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in July 1998, 28 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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 June 2023, United for a Fair Economy Inc reported income of $1.2m and spending of $1.3m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.2m (+12%), an average of +2.8% a year. The sharpest change came in the year to June 2022, when income rose by 39%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, United for a Fair Economy 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 81st percentile, and in the 80th percentile within MA. Charities of a similar size with the same main cause include Concerts in Motion Inc ($1.2m), Decentralized Pictures Foundation Inc ($1.2m) and Fort Worth Community Arts Center ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 8.7% of the total. Compensation of current officers, directors and key employees was $132k (10% of expenses). Other salaries and wages came to $446k. At year end it held assets of $462k against liabilities of $129k, net assets of $333k. It reported 10 employees.