Ulec Leverage Inc

Analysis

Ulec Leverage Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2022, 4 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ulec Leverage Inc reported income of $155k and spending of $3,474, leaving 98% of income unspent that year. The sharpest change came in the year to December 2022, when income rose by 102%. Over the whole period it spent 2.6% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ulec Leverage Inc sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NY. Charities of a similar size with the same main cause include Beer and Hymns Inc ($155k), The Cheshire Half Marathon 5k Foundation Inc ($155k) and Rotary Club of Colonial Park Foundation ($155k).

At year end it held assets of $13.4m against liabilities of $13.0m, net assets of $378k.