Uncle Sams Inc

Analysis

Uncle Sams Inc is a registered charity in United States, based in Grinnell, IA. It received its IRS tax-exemption ruling in April 1997, 29 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Uncle Sams Inc reported income of $67k and spending of $82k, spending 123% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $83k to $67k (-19%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Uncle Sams Inc sits at the 15th percentile: it is larger than about 15% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within IA. Charities of a similar size with the same main cause include Broadway Community Housing Corporation ($67k), Northview Residences Inc ($67k) and Sylacauga Special Housing Inc ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $243k against liabilities of $494k, net assets of -$251k.