Ukranian National Home Inc of New Jersey

Analysis

Ukranian National Home Inc of New Jersey is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in April 1979, 47 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ukranian National Home Inc of New Jersey reported income of $67k and spending of $81k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $39k to $67k (+72%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 218%. Over the whole period it spent 117% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ukranian National Home Inc of New Jersey sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 34th percentile within NJ. Charities of a similar size with the same main cause include Garifuna International Indigenous Film Festival ($67k), North American Meitheal Fund ($67k) and Mason County Forest Festival Association ($67k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. At year end it held assets of $154k against liabilities of $0, net assets of $154k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.