The Ukrainian National Foundation Inc

Analysis

The Ukrainian National Foundation Inc is a registered charity in United States, based in Parsippany, NJ. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, The Ukrainian National Foundation Inc reported income of $1.9m and spending of $2.1m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.9m (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2020, when income rose by 1023%. Over the whole period it spent 38% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, The Ukrainian National Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NJ. Charities of a similar size with the same main cause include Irusa Waqf ($1.9m), Chariots for Hope Inc ($1.9m) and Hesperian Health Guides ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.2% and program service revenue 75% of the total. Other salaries and wages came to $722k. At year end it held assets of $19.9m against liabilities of $201k, net assets of $19.7m. It reported 10 employees.

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.