Unite Here Education and Support Fund

Analysis

Unite Here Education and Support Fund is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2001, 25 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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, Unite Here Education and Support Fund reported income of $136k and spending of $421k, spending 310% of what it took in. Across the 5 years on record, from August 2020 to December 2023, income fell from $3.3m to $136k (-96%), an average of -55% a year. The sharpest change came in the year to December 2023, when income rose by 716%. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Unite Here Education and Support Fund sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NY. Charities of a similar size with the same main cause include Howell Main Street Inc ($136k), North Country Alliance Local Development Corporation ($136k) and Clearwater Community Foundation Inc ($136k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $122k. At year end it held assets of $1.2m against liabilities of $7,621, net assets of $1.2m. It reported 2 employees.

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.