Umoja Coworking & Incubator
Overview
Mission
Our organization's primary exempt purpose is a cultural focused coworking and incubator space that falls under arts and cultural awareness.
What it reported doing in 2024
Unrestricted grant to support our organizations work through the Kataly Foundation. This allowed us to pay our first contractors and establish a maintenance
Operating model
- Revenue model
- Donor-supported. 68% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
Nonprofit profile at a glance
- EIN
- 873772042
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024
- Headquarters
- Anchorage, AK, USA
- Phone
- 9076025297
- Rating
- 52
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Cultural, Ethnic Awareness
The verdict
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 32
- Transparency & Controls: 82
- Sustainability: 69
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 26.9%; rating input score 27
- Program expense ratio: 41.2%; rating input score 41
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 34.8%; rating input score 87; 87th percentile among comparable filings
- Total-asset coverage ratio: 2.68; rating input score 87; 87th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 19%; rating input score 17; 17th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 26.9% of revenue deployed · 41.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $50K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Leadership & pay
4 people listed
Source: IRS Form 990-EZ. Selected filing: FY2024.