Umh Ny Corp

Analysis

Umh Ny Corp is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in November 1990, 36 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Umh Ny Corp reported income of $14.4m and spending of $15.0m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $16.4m to $14.4m (-12%), an average of -3.2% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Umh Ny Corp sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Maharishi Foundation USA Inc ($14.4m), Times2 Inc ($14.4m) and United South & Eastern Tribes Inc ($14.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.2% and program service revenue 79% of the total. Other salaries and wages came to $7.0m. At year end it held assets of $23.8m against liabilities of $9.8m, net assets of $14.0m. It reported 216 employees.