Ubi Charitable Inc

Analysis

Ubi Charitable Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in August 2020, 6 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, Ubi Charitable Inc reported income of $1.0m and spending of $4.7m, spending 474% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $26.0m to $1.0m (-96%), an average of -66% a year. The sharpest change came in the year to December 2023, when income rose by 859%. Over the whole period it spent 106% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ubi Charitable Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Colorado Rockies Baseball Club Foundation ($999k), Esteam Foundation Inc ($1.0m) and Friends of Big Sky Education ($999k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $250k against liabilities of $2.3m, net assets of -$2.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.