Onward and Upward

Analysis

Onward and Upward is a registered charity in United States, based in Palmer, AK. It received its IRS tax-exemption ruling in November 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Onward and Upward reported income of $642k and spending of $511k, leaving 20% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $515k to $642k (+25%), an average of +7.7% a year. The sharpest change came in the year to June 2023, when income rose by 47%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Onward and Upward sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 71st percentile within AK. Charities of a similar size with the same main cause include The School of Architecture ($642k), An Open Book Foundation ($642k) and Boston Medical Library ($642k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $70k (14% of expenses). At year end it held assets of $613k against liabilities of $266k, net assets of $347k. It reported 8 employees.