Up for Growth

Analysis

Up for Growth is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Up for Growth reported income of $1.3m and spending of $1.4m, spending 102% of its income. Across the 6 years on record, from June 2019 to December 2023, income grew from $733k to $1.3m (+83%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 158%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Up for Growth sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 60th percentile within DC. Charities of a similar size with the same main cause include River View Gardens Housing Development Fund Company Inc ($1.3m), Peers Housing Association ($1.3m) and United Help-Self Help Housing ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.5% of the total. Compensation of current officers, directors and key employees was $154k (11% of expenses). Other salaries and wages came to $554k. At year end it held assets of $297k against liabilities of $597k, net assets of -$300k. It reported 9 employees.