Upstate Properties Development Inc

Analysis

Upstate Properties Development Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Upstate Properties Development Inc reported income of $5.8m and spending of $2.9m, leaving 49% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $5.8m (+108%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 68%. 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, Upstate Properties Development Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Northwestern Oklahoma State University Foundation Inc ($5.8m), Duneland Charter School Incorporated ($5.8m) and Independent Academy Charter School ($5.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. At year end it held assets of $35.4m against liabilities of $27.7m, net assets of $7.7m.