U Channel Foundation

Analysis

U Channel Foundation is a registered charity in United States, based in Santa Clara, CA. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, U Channel Foundation reported income of $758k and spending of $819k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $758k (-26%), an average of -7.4% a year. The sharpest change came in the year to December 2020, when income dropped by 22%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, U Channel Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Chandler Center for the Arts Inc ($758k), Pearl Arts Movement and Sound ($758k) and Blood & Marrow Transplant Information Network ($758k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 3.8% of the total. Other salaries and wages came to $298k. At year end it held assets of $490k against liabilities of $12k, net assets of $478k. It reported 8 employees.