Ullico Foundation

Analysis

Ullico Foundation is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Ullico Foundation reported income of $234k and spending of $57k, leaving 76% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $451k to $234k (-48%), an average of -28% a year. The sharpest change came in the year to December 2023, when income rose by 518%. Over the whole period it spent 13% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ullico Foundation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within MD. Charities of a similar size with the same main cause include Potters Hand Christian School ($234k), City Scholars Foundation ($234k) and Kenwood Educational Foundation ($234k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $614k against liabilities of $0, net assets of $614k.