Ultra Care Inc

Analysis

Ultra Care Inc is a registered charity in United States, based in Troy, MI. It received its IRS tax-exemption ruling in January 1997, 29 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, Ultra Care Inc reported income of $1.6m and spending of $1.6m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.5m to $1.6m (+6.8%), an average of +1.7% a year. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ultra Care Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within MI. Charities of a similar size with the same main cause include Blessings Assurance Community Services Inc ($1.6m), Youth at Heart Inc ($1.6m) and Hospice Services of Northwest Kansas Inc ($1.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 85% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $125k (8.0% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $437k against liabilities of $84k, net assets of $353k. It reported 28 employees.