The Uscib Foundation Inc

Analysis

The Uscib Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1986, 40 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 (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Uscib Foundation Inc reported income of $452k and spending of $485k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $255k to $452k (+77%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 208%. Over the whole period it spent 104% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Uscib Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Friends of Lopez Island Pool ($452k), Rahima Aziz Foundation Corp ($452k) and Jewish Community Foundation of Greater Prescott ($451k).

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 $331k against liabilities of $243k, net assets of $87k.