Universal Community Homes

Analysis

Universal Community Homes is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 1997, 29 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Universal Community Homes reported income of $1.6m and spending of $2.0m, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.1m to $1.6m (-48%), an average of -15% a year. The sharpest change came in the year to June 2021, when income dropped by 32%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Universal Community Homes sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within PA. Charities of a similar size with the same main cause include Ohio City Incorporated ($1.6m), Ladies Village Improvement Society of East Hampton Long Island Inc ($1.6m) and Center for a Non Violent Community ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $404k (20% of expenses). Other salaries and wages came to $322k. At year end it held assets of $2.8m against liabilities of $278k, net assets of $2.5m. It reported 13 employees.