Universal Gifted Savings Inc

Analysis

Universal Gifted Savings Inc is a registered charity in United States, based in RLLNG HLS Est, CA. It received its IRS tax-exemption ruling in September 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 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, Universal Gifted Savings Inc reported income of $855k and spending of $846k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $126k to $855k (+579%), an average of +579% a year. The sharpest change came in the year to December 2023, when income rose by 579%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Universal Gifted Savings Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Alberici Foundation ($855k), Dallas Casa Endowment Fund ($856k) and Spcpa Building Company ($854k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $421k. At year end it held assets of $143k against liabilities of $118k, net assets of $25k. It reported 4 employees.