Fund for Ucap

Analysis

Fund for Ucap is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Fund for Ucap reported income of $285k and spending of $626k, spending 220% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $667k to $285k (-57%), an average of -19% a year. The sharpest change came in the year to June 2023, when income dropped by 28%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fund for Ucap sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 57th percentile within RI. Charities of a similar size with the same main cause include Green Works in Kansas City ($285k), Ridgeway District Volunteer Fire Department ($285k) and Empowertech ($285k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $6.6m against liabilities of $1.6m, net assets of $5.1m.