Ubiz Venture Capital

Analysis

Ubiz Venture Capital is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Ubiz Venture Capital reported income of $676k and spending of $529k, leaving 22% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $577k to $676k (+17%), an average of +8.3% a year. The sharpest change came in the year to December 2022, when income rose by 72%. Over the whole period it spent 60% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ubiz Venture Capital sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within OH. Charities of a similar size with the same main cause include Beach Ball Foundation ($676k), Baobab Tree Foundation ($677k) and Core Foundation ($676k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 3.2% of the total. Other salaries and wages came to $184k. At year end it held assets of $4.2m against liabilities of $3.3m, net assets of $926k. It reported 3 employees.