Ugc Foundation Inc

Analysis

Ugc Foundation Inc is a registered charity in United States, based in New Rochelle, NY. It received its IRS tax-exemption ruling in December 1997, 29 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 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, Ugc Foundation Inc reported income of $323k and spending of $923k, spending 286% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $323k (-74%), an average of -29% a year. The sharpest change came in the year to December 2023, when income dropped by 59%. Over the whole period it spent 110% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ugc Foundation Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Coastal Bend College Foundation ($323k), League of Volunteers of Newark California ($323k) and International Friendship Ministries Inc ($323k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 117% of the total. It paid $100k in professional fundraising fees. At year end it held assets of $3.9m against liabilities of $3.3m, net assets of $629k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.