Union City Community Foundation

Analysis

Union City Community Foundation is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in January 1992, 34 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, Union City Community Foundation reported income of $381k and spending of $360k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $282k to $381k (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2021, when income rose by 360%. Over the whole period it spent 50% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Union City Community Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within PA. Charities of a similar size with the same main cause include Main Street Community Center Inc ($381k), Educating Young Minds ($381k) and Hayk for Our Heroes ($381k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% of the total. At year end it held assets of $6.6m against liabilities of $120k, net assets of $6.5m.