Uco Inc

Analysis

Uco Inc is a registered charity in United States, based in Del Rio, TX. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 December 2023, Uco Inc reported income of $183k and spending of $199k, spending 109% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $122k to $183k (+50%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Uco Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within TX. Charities of a similar size with the same main cause include Business & Consumer FNDTN of the Better BSNSS Bureau of the Denver ($183k), Foundation for San Mateo County Libraries ($183k) and Michigan Faith in Action ($183k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $375k against liabilities of $0, net assets of $375k. It reported 14 employees.