Invest Up

Analysis

Invest Up is a registered charity in United States, based in Marquette, MI. It received its IRS tax-exemption ruling in December 2018, 8 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 (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, Invest Up reported income of $994k and spending of $1.0m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $286k to $994k (+247%), an average of +36% a year. The sharpest change came in the year to December 2022, when income rose by 75%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Invest Up sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MI. Charities of a similar size with the same main cause include Growth Opportunity Partners Inc ($994k), Mohawk Valley Economic Development District Inc ($995k) and World Boston Inc ($992k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 1.1% of the total. Other salaries and wages came to $489k. At year end it held assets of $541k against liabilities of $318k, net assets of $223k. It reported 6 employees.