Union Diversified Industries Inc

Analysis

Union Diversified Industries Inc is a registered charity in United States, based in Monroe, NC. It received its IRS tax-exemption ruling in September 1972, 54 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Union Diversified Industries Inc reported income of $2.9m and spending of $2.8m, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.3m to $2.9m (+26%), an average of +8.1% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Union Diversified Industries Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include Cincinnati Reds Community Fund ($2.9m), Upsurge Baltimore Community ($2.9m) and Lakestate Industries ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.1% and program service revenue 95% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $3.0m against liabilities of $130k, net assets of $2.9m. It reported 126 employees.