U-Go Initiative

Analysis

U-Go Initiative is a registered charity in United States, based in Solana Beach, CA. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, U-Go Initiative reported income of $3.1m and spending of $1.6m, leaving 50% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $2.5m to $3.1m (+24%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 39% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, U-Go Initiative sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include El Camino Homeless Organization ($3.1m), Bais Frieda Child Care Center Inc ($3.1m) and Project Freedom Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $3.5m against liabilities of $16k, net assets of $3.5m.