Union Gospel Mission of Tarrant County

Analysis

Union Gospel Mission of Tarrant County is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in June 1966, 60 years ago. 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, Union Gospel Mission of Tarrant County reported income of $21.2m and spending of $10.4m, leaving 51% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $15.0m to $21.2m (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2021, when income rose by 125%. Over the whole period it spent 52% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Union Gospel Mission of Tarrant County sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Laboure College of Healthcare ($21.2m), Sancta Maria Hospital Inc ($21.3m) and On with Life Inc ($21.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $442k (4.3% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $80.7m against liabilities of $951k, net assets of $79.7m. It reported 146 employees.