Upower

Analysis

Upower is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 October 2023, Upower reported income of $696k and spending of $747k, spending 107% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $523k to $696k (+33%), an average of +7.4% a year. The sharpest change came in the year to October 2021, when income rose by 16%. Over the whole period it spent 78% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Upower sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within WA. Charities of a similar size with the same main cause include Bolton Emergency Medical Services Incorporated ($696k), Shenandoah County Free Clinic Inc ($696k) and Association of Women Surgeons ($695k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $91k (12% of expenses). Other salaries and wages came to $441k. At year end it held assets of $1.1m against liabilities of $16k, net assets of $1.0m. It reported 9 employees.