Union Mills Homestead Foundation Inc

Analysis

Union Mills Homestead Foundation Inc is a registered charity in United States, based in Westminster, MD. It received its IRS tax-exemption ruling in August 1966, 60 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Union Mills Homestead Foundation Inc reported income of $225k and spending of $156k, leaving 31% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $229k to $225k (-1.8%), an average of -0.5% a year. The sharpest change came in the year to September 2021, when income rose by 69%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Union Mills Homestead Foundation Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within MD. Charities of a similar size with the same main cause include All Gods Children Inc Christ the King Lutheran Church ($225k), United Way of Cache Valley ($225k) and Team Viac ($225k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 30% and program service revenue 2.9% of the total. Other salaries and wages came to $75k. At year end it held assets of $1.1m against liabilities of $4,132, net assets of $1.1m. It reported 10 employees.