Union Capital Boston Inc

Analysis

Union Capital Boston Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in February 2015, 11 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 June 2024, Union Capital Boston Inc reported income of $1.4m and spending of $1.7m, spending 118% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $489k to $1.4m (+190%), an average of +24% a year. The sharpest change came in the year to June 2020, when income rose by 126%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Union Capital Boston Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include The Farrar Home ($1.4m), Child Care Center Association of Evanston Inc ($1.4m) and Yfu International Educational Services Inc ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 81% and program service revenue 19% of the total. Other salaries and wages came to $575k. At year end it held assets of $390k against liabilities of $31k, net assets of $358k. It reported 8 employees.