Unlimited Tomorrow Global Initiative Inc

Analysis

Unlimited Tomorrow Global Initiative Inc is a registered charity in United States, based in Rhinebeck, NY. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Unlimited Tomorrow Global Initiative Inc reported income of $61k and spending of $189k, spending 312% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $684k to $61k (-91%), an average of -70% a year. The sharpest change came in the year to December 2023, when income dropped by 86%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Unlimited Tomorrow Global Initiative Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within NY. Charities of a similar size with the same main cause include Philipsburg Rotary Foundation ($60k), Southern California Festival and Sale Inc ($61k) and Wcre Foundation Inc ($60k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $33k. At year end it held assets of $62k against liabilities of $2,027, net assets of $60k.