United Community Corporation

Analysis

United Community Corporation is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in April 1983, 43 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 December 2023, United Community Corporation reported income of $10.0m and spending of $9.0m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.9m to $10.0m (+155%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, United Community Corporation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include Chi Management Incorporated ($10.0m), Acociacion Nacional Pro Personas Mayores ($10.0m) and Franklin Vance Warren Opportunity ($10.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $155k (1.7% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $9.1m against liabilities of $5.7m, net assets of $3.5m. It reported 165 employees.