Ucc XV Incorporated

Analysis

Ucc XV Incorporated is a registered charity in United States, based in Marion, OH. It received its IRS tax-exemption ruling in December 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Ucc XV Incorporated reported income of $393k and spending of $429k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $314k to $393k (+25%), an average of +5.8% a year. Over the whole period it spent 122% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ucc XV Incorporated sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within OH. Charities of a similar size with the same main cause include Naperville Responds for Our Veterans ($393k), Wayne County Housing Inc ($393k) and Prince Hall Housing Development Fund Company Inc ($393k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 53% of the total. Other salaries and wages came to $80k. At year end it held assets of $1.6m against liabilities of $3.4m, net assets of -$1.8m. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.