Fargo Union Mission Inc

Analysis

Fargo Union Mission Inc is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in August 1943, 83 years ago. 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 June 2023, Fargo Union Mission Inc reported income of $6.0m and spending of $4.7m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $6.0m (+475%), an average of +55% a year. The sharpest change came in the year to June 2020, when income rose by 128%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fargo Union Mission Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within ND. Charities of a similar size with the same main cause include Kittay House Jewish Home Lifecare Inc ($6.0m), Catholic Comm Hospice of Ne Kansas Inc ($6.0m) and Jackson County Health Facilities ($6.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $130k (2.8% of expenses). Other salaries and wages came to $2.2m. It paid $156k in professional fundraising fees. At year end it held assets of $10.9m against liabilities of $3.5m, net assets of $7.4m. It reported 112 employees.