Ustc Initiative Fund

Analysis

Ustc Initiative Fund is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in September 2012, 14 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 December 2023, Ustc Initiative Fund reported income of $1.7m and spending of $1.2m, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $464k to $1.7m (+269%), an average of +39% a year. The sharpest change came in the year to December 2022, when income rose by 144%. Over the whole period it spent 52% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ustc Initiative Fund sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include The George B Thomas Sr Learning Academy Inc ($1.7m), Maine Educators Consortium Inc ($1.7m) and Farmingdale State College Student Government Association Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $4.1m against liabilities of $0, net assets of $4.1m.