Upic Solutions Inc

Analysis

Upic Solutions Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Upic Solutions Inc reported income of $7.5m and spending of $7.3m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.0m to $7.5m (+88%), an average of +17% a year. The sharpest change came in the year to June 2020, when income rose by 28%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Upic Solutions Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within OH. Charities of a similar size with the same main cause include Capital Research Center ($7.5m), Veterans United Foundation ($7.5m) and NPT Charitable Asset TR ($7.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $726k (9.9% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $3.1m against liabilities of $682k, net assets of $2.4m. It reported 56 employees.