Upturn Inc

Analysis

Upturn Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 2017, 9 years ago. 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, Upturn Inc reported income of $828k and spending of $2.0m, spending 241% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $989k to $828k (-16%), an average of -4.4% a year. The sharpest change came in the year to December 2021, when income rose by 108%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Upturn Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 51st percentile within DC. Charities of a similar size with the same main cause include Friends of Oasis ($828k), Institute for Community Leadership Training and Organizing ($828k) and USA Swimming Inc ($827k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $220k (11% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $5.3m against liabilities of $133k, net assets of $5.1m. It reported 15 employees.