Union Foundation US

Analysis

Union Foundation US is a registered charity in United States, based in Wheaton, IL. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Foundation US reported income of $463k and spending of $452k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $322k to $463k (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2021, when income rose by 84%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Union Foundation US sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within IL. Charities of a similar size with the same main cause include Wespine Study Center Inc ($463k), St Vitus Endowment Corporation ($464k) and Gospel of Christ Inc ($463k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $108k (24% of expenses). At year end it held assets of $66k against liabilities of $14k, net assets of $52k. It reported 2 employees.