The Underground Inc

Analysis

The Underground Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in January 1994, 32 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2023, The Underground Inc reported income of $165k and spending of $163k, spending 99% of its income. Over the whole period it spent 230% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Underground Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 50th percentile within OH. Charities of a similar size with the same main cause include Alcott Ministries Inc ($165k), Movement West Michigan ($165k) and 32nd St Legacy Fund ($165k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 15% of the total. At year end it held assets of $39k against liabilities of $820, net assets of $38k.