Upward Bound Foundation Incorporated

Analysis

Upward Bound Foundation Incorporated is a registered charity in United States, based in Potomac, MD. It received its IRS tax-exemption ruling in March 2001, 25 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 2021, Upward Bound Foundation Incorporated reported income of $67k and spending of $44k, leaving 34% of income unspent that year. Across the 3 years on record, from December 2019 to December 2021, income grew from $30k to $67k (+123%), an average of +49% a year. The sharpest change came in the year to December 2021, when income rose by 125%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Upward Bound Foundation Incorporated sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within MD. Charities of a similar size with the same main cause include Las Vegas Liberation Foundation ($67k), Open Arms 101 ($67k) and Downrange Warriors ($67k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 97% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.