Ugm of Salem Support Corporation

Analysis

Ugm of Salem Support Corporation is a registered charity in United States, based in Salem, OR. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Ugm of Salem Support Corporation reported income of $578k and spending of $723k, spending 125% of what it took in. Across the 4 years on record, from August 2020 to August 2023, income fell from $5.9m to $578k (-90%), an average of -54% a year. The sharpest change came in the year to August 2022, when income rose by 350%. Over the whole period it spent 18% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ugm of Salem Support Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within OR. Charities of a similar size with the same main cause include Montessori Del Mar Community School ($578k), United Planet Corp ($578k) and Northern Valley Harm Reduction Coalition ($578k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.3% of the total. At year end it held assets of $19.7m against liabilities of $11.7m, net assets of $8.0m.