Union Station Redevelopment Corp

Analysis

Union Station Redevelopment Corp is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2004, 22 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Union Station Redevelopment Corp reported income of $17.1m and spending of $12.2m, leaving 28% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $16.7m to $17.1m (+2.2%), an average of +0.6% a year. The sharpest change came in the year to September 2023, when income rose by 29%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Union Station Redevelopment Corp sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 92nd percentile within DC. Charities of a similar size with the same main cause include North Shore Hebrew Academy ($17.0m), Child Care Resources Inc ($17.1m) and Lutheran Homes Society ($17.0m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 94% of the total. Compensation of current officers, directors and key employees was $351k (2.9% of expenses). Other salaries and wages came to $120k. At year end it held assets of $164.6m against liabilities of $27.7m, net assets of $136.9m. It reported 8 employees.