The Upstate Foundation Inc

Analysis

The Upstate Foundation Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in June 1976, 50 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The Upstate Foundation Inc reported income of $27.3m and spending of $11.8m, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $17.4m to $27.3m (+57%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 73%. Over the whole period it spent 43% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Upstate Foundation 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 97th percentile within NY. Charities of a similar size with the same main cause include Villages of Indiana Inc ($27.3m), Burcham Hills Retirement Center II ($27.3m) and Community Action Marin ($27.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% of the total. At year end it held assets of $261.7m against liabilities of $90.1m, net assets of $171.5m.