Upstart Bay Area

Analysis

Upstart Bay Area is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 June 2023, Upstart Bay Area reported income of $4.6m and spending of $6.1m, spending 131% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.5m to $4.6m (-28%), an average of -8.0% a year. The sharpest change came in the year to June 2023, when income dropped by 39%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Upstart Bay Area sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Nonprofit Development Corporation Inc ($4.6m), Hospitality Industry Training and Education Fund ($4.6m) and North Central Pennsylvania Regional Planning and Development Commi ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $466k (7.7% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $3.8m against liabilities of $248k, net assets of $3.5m. It reported 26 employees.