Union Congregational Church Homes Inc

Analysis

Union Congregational Church Homes Inc is a registered charity in United States, based in Weymouth, MA. It received its IRS tax-exemption ruling in January 1973, 53 years ago. 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 Congregational Church Homes Inc reported income of $5.5m and spending of $4.1m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.5m to $5.5m (+23%), an average of +5.4% a year. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Union Congregational Church Homes Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within MA. Charities of a similar size with the same main cause include Catholic Foundation for Diocese of Salina ($5.5m), Harlem School of the Arts Inc ($5.5m) and Historic Charleston Foundation ($5.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $86k (2.1% of expenses). Other salaries and wages came to $474k. At year end it held assets of $43.6m against liabilities of $35.2m, net assets of $8.5m. It reported 16 employees.