Upchieve Inc

Analysis

Upchieve Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Upchieve Inc reported income of $4.1m and spending of $2.0m, leaving 51% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $491k to $4.1m (+730%), an average of +70% a year. The sharpest change came in the year to December 2021, when income rose by 255%. Over the whole period it spent 46% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Upchieve Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Summits Education ($4.1m), Postsecondary Commission Inc ($4.1m) and Beacon Hill Nursery School ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $194k (9.7% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $6.0m against liabilities of $19k, net assets of $6.0m.