Upstream USA Inc

Analysis

Upstream USA Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover health care, 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, Upstream USA Inc reported income of $121.7m and spending of $45.4m, leaving 63% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $56.8m to $121.7m (+114%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 127%. Over the whole period it spent 45% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Upstream USA Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include St Josephs Hospital of Buckhannon Inc ($121.7m), Gulf Coast Regional Blood Center ($121.8m) and Virtua Willingboro Hospital Inc ($121.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $1.3m (2.9% of expenses). Other salaries and wages came to $22.0m. At year end it held assets of $250.9m against liabilities of $4.5m, net assets of $246.4m. It reported 206 employees.