Upward Bound Youth

Analysis

Upward Bound Youth is a registered charity in United States, based in Smithville, OH. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Upward Bound Youth reported income of $5.9m and spending of $5.5m, spending 93% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.9m to $5.9m (+203%), an average of +74% a year. The sharpest change came in the year to December 2022, when income rose by 310%. Over the whole period it spent 51% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Upward Bound Youth sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within OH. Charities of a similar size with the same main cause include C R O S S Christians Reaching Out in Social Service ($5.9m), American Baptist Foundation ($5.9m) and Development Assoc International Inc International ($5.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $216k (3.9% of expenses). Other salaries and wages came to $139k. At year end it held assets of $14.8m against liabilities of $13k, net assets of $14.8m. It reported 9 employees.