Up Community Impact Fund Corp

Analysis

Up Community Impact Fund Corp is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Up Community Impact Fund Corp reported income of $517k and spending of $298k, leaving 42% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $110k to $517k (+368%), an average of +67% a year. The sharpest change came in the year to December 2023, when income rose by 313%. Over the whole period it spent 68% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Up Community Impact Fund Corp sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include New Mexico Bioscience Authority ($516k), Occur ($517k) and Union City Pride Incorporated ($516k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $242k. At year end it held assets of $2.5m against liabilities of $2.3m, net assets of $279k.