Looking Upwards Inc

Analysis

Looking Upwards Inc is a registered charity in United States, based in Portsmouth, RI. It received its IRS tax-exemption ruling in December 1982, 44 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Looking Upwards Inc reported income of $32.7m and spending of $31.2m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $24.1m to $32.7m (+36%), an average of +7.9% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Looking Upwards Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within RI. Charities of a similar size with the same main cause include Community Council of Idaho Inc ($32.7m), Duncaster Incorporated ($32.7m) and Goodlife Innovations Inc ($32.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 8.4% of the total. Compensation of current officers, directors and key employees was $212k (0.7% of expenses). Other salaries and wages came to $20.2m. At year end it held assets of $16.9m against liabilities of $6.7m, net assets of $10.2m. It reported 663 employees.