Ussga Memorial Fund Inc

Analysis

Ussga Memorial Fund Inc is a registered charity in United States, based in Elmsford, NY. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Ussga Memorial Fund Inc reported income of $484k and spending of $382k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $298k to $484k (+63%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ussga Memorial Fund Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Franklin Hill Revitalization Corporation ($484k), She Event Indy Ltd ($484k) and Estes Valley Crisis Advocates ($484k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $553k against liabilities of $0, net assets of $553k.