Umu Igbo Unite

Analysis

Umu Igbo Unite is a registered charity in United States, based in Brookhaven, GA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2022, Umu Igbo Unite reported income of $623k and spending of $752k, spending 121% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $157k to $623k (+298%), an average of +58% a year. The sharpest change came in the year to December 2021, when income rose by 2643%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Umu Igbo Unite sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within GA. Charities of a similar size with the same main cause include Historic Vogue Theatre of Manistee ($623k), Ocean City Development Corporation ($623k) and Greenwich Symphony Orchestra Inc ($623k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 30% and program service revenue 70% of the total. At year end it held assets of $151k against liabilities of $198k, net assets of -$47k. It reported 1 employees.