Upward Project

Analysis

Upward Project is a registered charity in United States, based in Dorchestr Ctr, MA. It received its IRS tax-exemption ruling in November 2020, 6 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, Upward Project reported income of $450k and spending of $284k, leaving 37% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $118k to $450k (+281%), an average of +95% a year. The sharpest change came in the year to December 2023, when income rose by 159%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Upward Project sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MA. Charities of a similar size with the same main cause include Arts & Sciences Center ($450k), 826 MSP ($450k) and The Charlemagne Institute ($450k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $80k (28% of expenses). Other salaries and wages came to $46k. At year end it held assets of $252k against liabilities of $0, net assets of $252k. It reported 2 employees.