Underground Railroad Inc

Analysis

Underground Railroad Inc is a registered charity in United States, based in Saginaw, MI. It received its IRS tax-exemption ruling in February 1979, 47 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Underground Railroad Inc reported income of $4.0m and spending of $3.7m, spending 93% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $3.3m to $4.0m (+21%), an average of +6.6% a year. The sharpest change came in the year to September 2021, when income rose by 23%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Underground Railroad Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include Early Childhood Council of the San Luis Valley ($4.0m), Kingswood Community Center Inc ($4.0m) and Not My Kid Inc ($4.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 88% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $96k (2.6% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $4.6m against liabilities of $999k, net assets of $3.6m. It reported 77 employees.