Usea Foundation

Analysis

Usea Foundation is a registered charity in United States, based in Leesburg, VA. It received its IRS tax-exemption ruling in May 1992, 34 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending November 2023, Usea Foundation reported income of $955k and spending of $449k, leaving 53% of income unspent that year. Across the 5 years on record, from November 2019 to November 2023, income grew from $233k to $955k (+309%), an average of +42% a year. The sharpest change came in the year to November 2020, when income rose by 179%. Over the whole period it spent 68% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Usea Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within VA. Charities of a similar size with the same main cause include Kyle Pease Foundation Inc ($954k), The International Society for the Study of Trauma and Dissociation ($955k) and Impact 100 SRQ Inc ($954k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $2.9m against liabilities of $152k, net assets of $2.8m.