Foundation for the Uptown Reinvestment Corporation

Analysis

Foundation for the Uptown Reinvestment Corporation is a registered charity in United States, based in Flint, MI. It received its IRS tax-exemption ruling in October 2005, 21 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 under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foundation for the Uptown Reinvestment Corporation reported income of $19.9m and spending of $6.6m, leaving 67% of income unspent that year. Across the 6 years on record, from September 2019 to December 2023, income grew from $10.0m to $19.9m (+98%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 708%. Over the whole period it spent 70% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Foundation for the Uptown Reinvestment Corporation 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 97th percentile, and in the 97th percentile within MI. Charities of a similar size with the same main cause include Santa Fe Community Foundation ($19.9m), Opportunity Village Foundation ($19.9m) and Lutheran Social Services of Southern California ($19.8m).

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 $14.3m against liabilities of $0, net assets of $14.3m.