Utopia Beginnings LLC

Analysis

Utopia Beginnings LLC is a registered charity in United States, based in Dayton, OH. It received its IRS tax-exemption ruling in December 2020, 6 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Utopia Beginnings LLC reported income of $1.3m and spending of $1.1m, spending 85% of its income. Across the 3 years on record, from December 2020 to December 2022, income grew from $614k to $1.3m (+119%), an average of +48% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Utopia Beginnings LLC sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within OH. Charities of a similar size with the same main cause include House of T I M E Incorporated ($1.3m), Hope Pregnancy Center Inc ($1.3m) and Childrens Oncology Services of Massachusetts Inc ($1.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $534k (47% of expenses). Other salaries and wages came to $88k. At year end it held assets of $430k against liabilities of $430k, net assets of $0. It reported 18 employees.