Union City Education Foundation Inc

Analysis

Union City Education Foundation Inc is a registered charity in United States, based in Union City, IN. It received its IRS tax-exemption ruling in December 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Education Foundation Inc reported income of $179k and spending of $131k, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $67k to $179k (+169%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 1745%. Over the whole period it spent 34% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Union City Education Foundation Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within IN. Charities of a similar size with the same main cause include Savannah Classical Academy Foundation Inc ($179k), Akron-Westfield Athletic Booster Club ($179k) and Urology Health Foundation ($179k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% of the total. Compensation of current officers, directors and key employees was $13k (9.9% of expenses). At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.