Upward Bound Ministries Inc

Analysis

Upward Bound Ministries Inc is a registered charity in United States, based in Lutz, FL. It received its IRS tax-exemption ruling in November 1998, 28 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, Upward Bound Ministries Inc reported income of $146k and spending of $140k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $123k to $146k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Upward Bound Ministries Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 50th percentile within FL. Charities of a similar size with the same main cause include Here I Am Ministries Inc ($146k), St Olaf Lutheran Church Foundation of Fort Dodge Iowa ($146k) and Boca Raton Jewish Experience Inc ($146k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $6,769 against liabilities of $0, net assets of $6,769.