Umbrella Latch Key Program

Analysis

Umbrella Latch Key Program is a registered charity in United States, based in Apple Valley, CA. It received its IRS tax-exemption ruling in September 1996, 30 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Umbrella Latch Key Program reported income of $160k and spending of $136k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $118k to $160k (+35%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Umbrella Latch Key Program sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include TCN Inc ($160k), Kaufherr Rescource Center ($161k) and Ulster County Italian American Foundation Inc ($160k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. At year end it held assets of $179k against liabilities of $0, net assets of $179k.