Upward Bound Community Development Corporation

Analysis

Upward Bound Community Development Corporation is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in April 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Upward Bound Community Development Corporation reported income of $617k and spending of $326k, leaving 47% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $260k to $617k (+137%), an average of +54% a year. The sharpest change came in the year to December 2022, when income rose by 148%. Over the whole period it spent 68% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Upward Bound Community Development Corporation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Sacred Path ($617k), Advanced Institute for Development and Learning ($618k) and New London Counseling Center ($617k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $240k. At year end it held assets of $576k against liabilities of $81k, net assets of $495k.