Up2us Inc

Analysis

Up2us Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2010, 16 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 August 2023, Up2us Inc reported income of $7.6m and spending of $7.6m, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $6.7m to $7.6m (+14%), an average of +3.4% a year. The sharpest change came in the year to August 2021, when income rose by 17%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Up2us Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include West Michigan Sports Commission ($7.6m), American Youth Foundation ($7.6m) and Camp Dora Golding ($7.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 67% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $376k (5.0% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $3.9m against liabilities of $786k, net assets of $3.1m. It reported 431 employees.