Ufcw Local 328 Charitable Foundation

Analysis

Ufcw Local 328 Charitable Foundation is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Ufcw Local 328 Charitable Foundation reported income of $54k and spending of $67k, spending 124% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $37k to $54k (+43%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 168% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ufcw Local 328 Charitable Foundation sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 18th percentile within RI. Charities of a similar size with the same main cause include Milton Lions Foundation Inc ($54k), The@net Counseling and Mentoring ($54k) and Passaic Chill Inc ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 108% of the total. At year end it held assets of $15k against liabilities of $0, net assets of $15k.