Upward Bound Ministries Inc

Analysis

Upward Bound Ministries Inc is a registered charity in United States, based in Zeeland, MI. It received its IRS tax-exemption ruling in May 2009, 17 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Upward Bound Ministries Inc reported income of $1.3m and spending of $610k, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $386k to $1.3m (+229%), an average of +35% a year. The sharpest change came in the year to December 2020, when income rose by 95%. Over the whole period it spent 54% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Upward Bound Ministries Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within MI. Charities of a similar size with the same main cause include Youth Development Project Corporation ($1.3m), Youth for Christ USA Inc ($1.3m) and Black Swan Academy Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.9% of the total. Other salaries and wages came to $280k. At year end it held assets of $2.5m against liabilities of $297k, net assets of $2.2m. It reported 4 employees.