Up Academy Inc

Analysis

Up Academy Inc is a registered charity in United States, based in San Mateo, CA. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Up Academy Inc reported income of $1.0m and spending of $1.1m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $328k to $1.0m (+219%), an average of +34% a year. The sharpest change came in the year to December 2021, when income rose by 61%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Up Academy Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Girls with Impact Inc ($1.0m), Zion Child Development Center ($1.0m) and Chances for Children-Ny Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $62k (5.5% of expenses). Other salaries and wages came to $539k. At year end it held assets of $24k against liabilities of $0, net assets of $24k. It reported 11 employees.