Upside of Downs

Analysis

Upside of Downs is a registered charity in United States, based in Somis, CA. It received its IRS tax-exemption ruling in March 1998, 28 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 December 2023, Upside of Downs reported income of $114k and spending of $103k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $126k to $114k (-9.4%), an average of -9.4% a year. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Upside of Downs sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within CA. Charities of a similar size with the same main cause include Unlocked Inc ($114k), Thrifty & Nifty Inc ($114k) and Handi-Wheels Transportation Inc ($114k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. At year end it held assets of $163k against liabilities of $0, net assets of $163k.