Upward Bound Study Center Inc

Analysis

Upward Bound Study Center Inc is a registered charity in United States, based in Monterey Park, CA. It received its IRS tax-exemption ruling in June 1995, 31 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Upward Bound Study Center Inc reported income of $242k and spending of $318k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $213k to $242k (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Upward Bound Study Center Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include Utah Valley Arts ($242k), Cameron Kravitt Foundation ($242k) and No One Fights Alone ($242k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $187k (59% of expenses). At year end it held assets of $240k against liabilities of $160k, net assets of $80k. It reported 23 employees.