Up Education Network Inc

Analysis

Up Education Network Inc is a registered charity in United States, based in Dorchester, MA. It received its IRS tax-exemption ruling in December 2010, 16 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, Up Education Network Inc reported income of $3.0m and spending of $3.9m, spending 132% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.5m to $3.0m (-54%), an average of -18% a year. The sharpest change came in the year to June 2023, when income dropped by 38%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Up Education Network Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include The Dictionary Project ($3.0m), Canton Country Day School ($3.0m) and Girltrek Incorporated ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $856k (22% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $2.5m against liabilities of $789k, net assets of $1.7m. It reported 45 employees.