Unemployment Information Center

Analysis

Unemployment Information Center is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 1976, 50 years ago. 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 June 2023, Unemployment Information Center reported income of $1.1m and spending of $1.1m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $877k to $1.1m (+30%), an average of +6.8% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Unemployment Information Center sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within PA. Charities of a similar size with the same main cause include South Baldwin County Hospital Corp ($1.1m), Young Mens Christian Association of Clifton Springs ($1.1m) and Historic Savannah Foundation Incorporated ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $72k (6.7% of expenses). Other salaries and wages came to $292k. At year end it held assets of $460k against liabilities of $230k, net assets of $230k. It reported 13 employees.