Upward Unlimited

Analysis

Upward Unlimited is a registered charity in United States, based in Spartanburg, SC. It received its IRS tax-exemption ruling in March 1997, 29 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 September 2023, Upward Unlimited reported income of $19.6m and spending of $8.0m, leaving 60% of income unspent that year. Across the 4 years on record, from September 2019 to September 2023, income grew from $13.3m to $19.6m (+48%), an average of +14% a year. The sharpest change came in the year to September 2022, when income rose by 119%. Over the whole period it spent 70% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Upward Unlimited sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within SC. Charities of a similar size with the same main cause include Cityscape Schools Inc ($19.5m), Boys and Girls Clubs of the Los Angeles Harbor ($19.7m) and Girl Scout Council of the Nations Capital ($19.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.6% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $461k (5.8% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $47.7m against liabilities of $2.1m, net assets of $45.7m. It reported 95 employees.