Union Station Kansas City Inc

Analysis

Union Station Kansas City Inc is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in December 2000, 26 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 2023, Union Station Kansas City Inc reported income of $18.3m and spending of $12.5m, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.3m to $18.3m (+62%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 166%. Over the whole period it spent 62% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Union Station Kansas City Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MO. Charities of a similar size with the same main cause include National Corvette Museum Foundation Inc ($18.2m), Annual Reviews ($18.3m) and Newark Museum Association ($18.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $1.6m (13% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $81.2m against liabilities of $31.6m, net assets of $49.6m. It reported 123 employees.