Union Baptist Community Housing Co

Analysis

Union Baptist Community Housing Co is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Union Baptist Community Housing Co reported income of $535k and spending of $616k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $572k to $535k (-6.5%), an average of -1.7% a year. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Union Baptist Community Housing Co sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 66th percentile within DE. Charities of a similar size with the same main cause include Villa Okeefe ($535k), Columbus RHF Housing Inc ($535k) and Neighborhood Affordable Housing Friends Inc ($534k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $1.6m against liabilities of $2.5m, net assets of -$806k.

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.