Ulgm Community & Economic Development Corp

Analysis

Ulgm Community & Economic Development Corp is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in October 2021, 5 years ago. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ulgm Community & Economic Development Corp reported income of $140k and spending of $105k, leaving 25% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $23k to $140k (+521%), an average of +84% a year. The sharpest change came in the year to December 2021, when income rose by 621%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ulgm Community & Economic Development Corp sits at the 45th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within WI. Charities of a similar size with the same main cause include Martin Luther King Complaint & Referral Center ($140k), School for Young Children Inc 885 Beverly Circle Ne ($140k) and The Front Royal Childrens Center Inc ($140k).

At year end it held assets of $3.6m against liabilities of $3.5m, net assets of $110k.