Ucan

Analysis

Ucan is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 1939, 87 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Ucan reported income of $57.6m and spending of $52.5m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $45.4m to $57.6m (+27%), an average of +6.2% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ucan sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within IL. Charities of a similar size with the same main cause include The Opportunity Alliance ($57.6m), Astor Services for Children & Families ($57.6m) and Feeding the Gulf Coast ($57.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $446k (0.9% of expenses). Other salaries and wages came to $26.1m. At year end it held assets of $69.4m against liabilities of $19.0m, net assets of $50.4m. It reported 658 employees.