Union Club Foundation

Analysis

Union Club Foundation is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in May 2005, 21 years ago. Its declared purposes cover arts, culture and humanities, 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 December 2023, Union Club Foundation reported income of $114k and spending of $20k, leaving 82% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $94k to $114k (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2022, when income rose by 69%. Over the whole period it spent 18% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Union Club Foundation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within OH. Charities of a similar size with the same main cause include Spring-Ford Music Association ($114k), Swaida American Society ($114k) and Mexican Heritage Association of West Michigan ($114k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $906k against liabilities of $14k, net assets of $892k.