Union Gospel Mission Association of Olympia

Analysis

Union Gospel Mission Association of Olympia is a registered charity in United States, based in Olympia, WA. It received its IRS tax-exemption ruling in May 1996, 30 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 August 2023, Union Gospel Mission Association of Olympia reported income of $3.2m and spending of $2.8m, spending 88% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.6m to $3.2m (+24%), an average of +5.5% a year. The sharpest change came in the year to August 2020, when income rose by 31%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Union Gospel Mission Association of Olympia sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within WA. Charities of a similar size with the same main cause include Rockville Day Care Association Incorporated ($3.2m), Young Mens Christian Association of Marquette County ($3.2m) and Steeple Pointe Senior Living Community ($3.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 89% and program service revenue 9.8% of the total. Compensation of current officers, directors and key employees was $24k (0.9% of expenses). Other salaries and wages came to $987k. At year end it held assets of $6.1m against liabilities of $481k, net assets of $5.6m. It reported 46 employees.