Union Settlement Assoc

Analysis

Union Settlement Assoc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1932, 94 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 June 2023, Union Settlement Assoc reported income of $29.5m and spending of $30.0m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $27.3m to $29.5m (+8.1%), an average of +2.0% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Union Settlement Assoc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Prairie Community Services Inc ($29.5m), Great Plains Food Bank ($29.5m) and Central Connecticut Coast Young Mens Christian Association Inc ($29.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $350k (1.2% of expenses). Other salaries and wages came to $15.7m. At year end it held assets of $30.4m against liabilities of $17.9m, net assets of $12.5m. It reported 480 employees.