Usbg National Charity Foundation

Analysis

Usbg National Charity Foundation is a registered charity in United States, based in Henderson, NV. It received its IRS tax-exemption ruling in July 2014, 12 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, Usbg National Charity Foundation reported income of $238k and spending of $651k, spending 274% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $276k to $238k (-14%), an average of -3.6% a year. The sharpest change came in the year to December 2020, when income rose by 3996%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Usbg National Charity Foundation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 62nd percentile within NV. Charities of a similar size with the same main cause include Maison Fortune Orphange Foundation Inc ($238k), Elma Early Childhood Center Inc ($238k) and Connecticut Family Support Network Inc ($238k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $63k against liabilities of $20k, net assets of $43k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.