Upcycle Parts Shop

Analysis

Upcycle Parts Shop is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in June 2019, 7 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Upcycle Parts Shop reported income of $205k and spending of $191k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $177k to $205k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Upcycle Parts Shop sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 55th percentile within OH. Charities of a similar size with the same main cause include The Wake County Bar Association Foundation ($205k), Muncy Historical Society and Museum of History ($205k) and Billiard TR Fbo St John Vianney Seminary ($205k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. Other salaries and wages came to $131k. At year end it held assets of $33k against liabilities of $11k, net assets of $22k. It reported 21 employees.