Udem Foundation

Analysis

Udem Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Udem Foundation reported income of $149k and spending of $200k, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $284k to $149k (-48%), an average of -15% a year. The sharpest change came in the year to December 2022, when income dropped by 257%. Over the whole period it spent 162% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Udem Foundation sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 25th percentile within DC. Charities of a similar size with the same main cause include Houston High School Band Boosters ($149k), Slocomb Athletic Association Inc ($149k) and Rock-It Science Educationally Useful Programs ($149k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.7% of the total. At year end it held assets of $4.4m against liabilities of $0, net assets of $4.4m.