Upward Bound School Inc

Analysis

Upward Bound School Inc is a registered charity in United States, based in Buena Park, CA. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Upward Bound School Inc reported income of $1.3m and spending of $1.3m, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $151k to $1.3m (+734%), an average of +734% a year. The sharpest change came in the year to December 2023, when income rose by 734%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Upward Bound School Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include National Association of State Treasurers Foundation Inc ($1.3m), Foundation for Tomorrow ($1.3m) and Southport Christian School ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $21k (1.6% of expenses). Other salaries and wages came to $320k. At year end it held assets of $101k against liabilities of $154k, net assets of -$53k. It reported 24 employees.