Ubongo International

Analysis

Ubongo International is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Ubongo International reported income of $10.3m and spending of $7.8m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $615k to $10.3m (+1573%), an average of +102% a year. The sharpest change came in the year to December 2020, when income rose by 705%. Over the whole period it spent 65% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ubongo International sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Music for All Inc ($10.3m), Amazon Conservation Team ($10.3m) and National Theatre School of Canada ($10.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $128k (1.6% of expenses). Other salaries and wages came to $568. At year end it held assets of $10.2m against liabilities of $192k, net assets of $10.1m. It reported 1 employees.