Ua3 Inc

Analysis

Ua3 Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2015, 11 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 June 2023, Ua3 Inc reported income of $1.3m and spending of $1.3m, spending 95% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $201k to $1.3m (+562%), an average of +88% a year. The sharpest change came in the year to June 2023, when income rose by 267%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ua3 Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Avenida Guadalupe Association ($1.3m), Mbdi Inc ($1.3m) and Downtown Vision Alliance Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $92k (7.3% of expenses). Other salaries and wages came to $135k. At year end it held assets of $834k against liabilities of $379k, net assets of $455k. It reported 13 employees.