Uptown Association Inc

Analysis

Uptown Association Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Uptown Association Inc reported income of $484k and spending of $427k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $538k to $484k (-9.9%), an average of -2.6% a year. The sharpest change came in the year to December 2022, when income rose by 1272%. Over the whole period it spent 113% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Uptown Association Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MN. Charities of a similar size with the same main cause include CTK Cares ($484k), Breaking Barrier - Hope Is Alive ($484k) and YMCA of San Diego County Housing Services Inc ($484k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $60k (14% of expenses). Other salaries and wages came to $45k. At year end it held assets of $95k against liabilities of $144k, net assets of -$49k. It reported 2 employees.