Union Commonwealth University

Analysis

Union Commonwealth University is a registered charity in United States, based in Barbourville, KY. It received its IRS tax-exemption ruling in April 1959, 67 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Commonwealth University reported income of $27.6m and spending of $32.9m, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $28.7m to $27.6m (-3.7%), an average of -0.9% a year. The sharpest change came in the year to June 2022, when income dropped by 17%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Union Commonwealth University 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 98th percentile, and in the 97th percentile within KY. Charities of a similar size with the same main cause include Friends Of@ascend Charter Schools Inc ($27.6m), Riverview School Inc ($27.7m) and Emergency Nurses Association ($27.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.1% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $588k (1.8% of expenses). Other salaries and wages came to $7.9m. At year end it held assets of $73.3m against liabilities of $18.3m, net assets of $55.0m. It reported 527 employees.