Upward Scholars

Analysis

Upward Scholars is a registered charity in United States, based in Redwood City, CA. It received its IRS tax-exemption ruling in July 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Upward Scholars reported income of $1.7m and spending of $1.3m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $383k to $1.7m (+340%), an average of +45% a year. The sharpest change came in the year to December 2020, when income rose by 85%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Upward Scholars sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Cli Prison Alliance Inc ($1.7m), Community Christian Academy Inc ($1.7m) and Salahuddin Future Academy ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $187k (14% of expenses). Other salaries and wages came to $508k. It paid $24k in professional fundraising fees. At year end it held assets of $1.4m against liabilities of $46k, net assets of $1.4m. It reported 10 employees.