Unfcu Foundation Inc

Analysis

Unfcu Foundation Inc is a registered charity in United States, based in Long Is City, NY. It received its IRS tax-exemption ruling in March 2015, 11 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, Unfcu Foundation Inc reported income of $1.0m and spending of $1.0m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $875k to $1.0m (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2021, when income rose by 75%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Unfcu Foundation Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Loving Care Young Achievers Club ($1.0m), Mavericks Coastside Foundation ($1.0m) and Jane Goodall Environmental Middle School ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $594k against liabilities of $51k, net assets of $543k.