Union Gospel Mission Incorporated

Analysis

Union Gospel Mission Incorporated is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in June 1973, 53 years ago. 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 September 2023, Union Gospel Mission Incorporated reported income of $1.1m and spending of $976k, spending 86% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $708k to $1.1m (+60%), an average of +12% a year. The sharpest change came in the year to September 2023, when income rose by 116%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Union Gospel Mission Incorporated sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MN. Charities of a similar size with the same main cause include William Jeanes Memorial Library ($1.1m), W C Atkinson Memorial Community Service Center Inc ($1.1m) and Bayou Civic Club ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 92% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $80k (8.2% of expenses). Other salaries and wages came to $206k. At year end it held assets of $1.3m against liabilities of $8,496, net assets of $1.3m. It reported 18 employees.