Ukrainian American Home Inc

Analysis

Ukrainian American Home Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in November 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Ukrainian American Home Inc reported income of $615k and spending of $625k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.7m to $615k (-64%), an average of -64% a year. The sharpest change came in the year to December 2023, when income dropped by 64%. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ukrainian American Home Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MN. Charities of a similar size with the same main cause include First Congregational Church Day Care & Nursery Inc of Cheshire ($615k), Impact 100 of Indian River County Inc ($615k) and The Nonprofit Council Inc ($615k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 63% of the total. Other salaries and wages came to $162k. At year end it held assets of $1.4m against liabilities of -$5,189, net assets of $1.4m. It reported 6 employees.