Unionport Foundation Inc

Analysis

Unionport Foundation Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in December 1970, 56 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 July 2023, Unionport Foundation Inc reported income of $5.4m and spending of $6,808, leaving 100% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $313k to $5.4m (+1631%), an average of +104% a year. The sharpest change came in the year to July 2023, when income rose by 215%. Over the whole period it spent 9.1% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Unionport Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include United Way of St Joseph County Inc ($5.4m), Michigan Association of United Ways Inc ($5.4m) and United Way of Greater High Point Inc ($5.4m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 0.8% of the total. At year end it held assets of $12.0m against liabilities of $0, net assets of $12.0m. It reported 3 employees.