Upcap Services Inc

Analysis

Upcap Services Inc is a registered charity in United States, based in Escanaba, MI. It received its IRS tax-exemption ruling in May 1972, 54 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 September 2023, Upcap Services Inc reported income of $31.4m and spending of $27.9m, spending 89% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $25.1m to $31.4m (+25%), an average of +5.8% a year. The sharpest change came in the year to September 2021, when income rose by 25%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Upcap Services Inc 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 98th percentile, and in the 98th percentile within MI. Charities of a similar size with the same main cause include Verland Foundation Inc ($31.4m), Human Resource Development Council of District IX Inc ($31.4m) and Life Patterns Inc ($31.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 21% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $169k (0.6% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $38.0m against liabilities of $4.1m, net assets of $33.9m. It reported 152 employees.