Ugk Community First Corp

Analysis

Ugk Community First Corp is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Ugk Community First Corp reported income of $409k and spending of $352k, spending 86% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $300k to $409k (+36%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 1413%. Over the whole period it spent 133% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ugk Community First Corp sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within VA. Charities of a similar size with the same main cause include Arizona Statewide Independent Living Council ($409k), Visiting Dental Hygiene Inc ($409k) and Community Food Connections Inc ($409k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 61% of the total. Other salaries and wages came to $199k. At year end it held assets of $8,858 against liabilities of $99k, net assets of -$91k. It reported 12 employees.