Utica Business Association

Analysis

Utica Business Association is a registered charity in United States, based in Utica, IL. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Utica Business Association reported income of $96k and spending of $104k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $88k to $96k (+8.7%), an average of +8.7% a year. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Utica Business Association sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 37th percentile within IL. Charities of a similar size with the same main cause include George R Martin School PTO ($96k), Michigan Tactical Officers Association Inc ($96k) and Cable Foundation ($96k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $40k against liabilities of $0, net assets of $40k.