Understand the Times Inc

Analysis

Understand the Times Inc is a registered charity in United States, based in Santa Ana, CA. It received its IRS tax-exemption ruling in August 1991, 35 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, Understand the Times Inc reported income of $152k and spending of $173k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $246k to $152k (-38%), an average of -11% a year. The sharpest change came in the year to December 2022, when income dropped by 20%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Understand the Times Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 50th percentile within CA. Charities of a similar size with the same main cause include Last Is First Philanthropies ($152k), Little Rock Garden Club ($152k) and The National Adrenal Diseases Foundation Inc ($152k).

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 $60k (35% of expenses). At year end it held assets of $616k against liabilities of $0, net assets of $616k.