Union Microfinanza Inc

Analysis

Union Microfinanza Inc is a registered charity in United States, based in Grand Haven, MI. It received its IRS tax-exemption ruling in December 2010, 16 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 March 2023, Union Microfinanza Inc reported income of $95k and spending of $55k, leaving 42% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income fell from $105k to $95k (-9.8%), an average of -2.5% a year. The sharpest change came in the year to March 2021, when income dropped by 37%. Over the whole period it spent 72% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Union Microfinanza Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 35th percentile within MI. Charities of a similar size with the same main cause include JP Ministries Inc ($95k), Restore Ua Inc ($95k) and Pacific Rising Inc ($95k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 67% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $6,271 (11% of expenses). Other salaries and wages came to $10k. At year end it held assets of $398k against liabilities of $154k, net assets of $244k. It reported 3 employees.