Union City Music Project

Analysis

Union City Music Project is a registered charity in United States, based in Weehawken, NJ. It received its IRS tax-exemption ruling in August 2012, 14 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 City Music Project reported income of $164k and spending of $208k, spending 127% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $168k to $164k (-2.6%), an average of -1.3% a year. The sharpest change came in the year to December 2023, when income dropped by 15%. Over the whole period it spent 126% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Union City Music Project sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 57th percentile within NJ. Charities of a similar size with the same main cause include Anahuak Youth Soccer Association ($164k), Greater Topeka Youth Foundation Inc ($164k) and Pleasantville Youth Initiative ($164k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. At year end it held assets of $944 against liabilities of $50k, net assets of -$49k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.