Institute of Ubuntu

Analysis

Institute of Ubuntu is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in June 2021, 5 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 2022, Institute of Ubuntu reported income of $189k and spending of $577k, spending 306% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income fell from $907k to $189k (-79%), an average of -79% a year. The sharpest change came in the year to December 2022, when income dropped by 79%. Over the whole period it spent 111% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Institute of Ubuntu sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within MI. Charities of a similar size with the same main cause include X-Stream Training Services Inc ($188k), Page Cafe Association ($189k) and Ohio Lions Foundation ($188k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. At year end it held assets of $219k against liabilities of $0, net assets of $219k.