Bonds of Union

Analysis

Bonds of Union is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Bonds of Union reported income of $72k and spending of $187k, spending 261% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income fell from $96k to $72k (-26%), an average of -7.2% a year. The sharpest change came in the year to December 2021, when income rose by 115%. Over the whole period it spent 133% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bonds of Union sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within OH. Charities of a similar size with the same main cause include Somali Community Services of Mayfield ($72k), Ghent Food Pantry Inc ($72k) and Veterans Furniture Center ($72k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $143k. At year end it held assets of $5,533 against liabilities of $185k, net assets of -$180k. It reported 8 employees.