Union Street Charter

Analysis

Union Street Charter is a registered charity in United States, based in Arcata, CA. It received its IRS tax-exemption ruling in November 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Union Street Charter reported income of $1.5m and spending of $1.4m, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.1m to $1.5m (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2023, when income rose by 15%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Union Street Charter sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Lead Africa ($1.5m), New Horizon School ($1.5m) and Beechtree Inc ($1.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $80k (5.7% of expenses). Other salaries and wages came to $623k. At year end it held assets of $781k against liabilities of $26k, net assets of $755k. It reported 27 employees.