Usher III Initiative Inc

Analysis

Usher III Initiative Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 2011, 15 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Usher III Initiative Inc reported income of $874k and spending of $733k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $788k to $874k (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2021, when income rose by 147%. Over the whole period it spent 78% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Usher III Initiative Inc sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within IL. Charities of a similar size with the same main cause include Backline Care Inc ($874k), New Hope Clinic Inc ($875k) and Lawrence and Memorial Corporation ($874k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% of the total. At year end it held assets of $2.1m against liabilities of $32k, net assets of $2.1m.