University Place Latchkey Inc

Analysis

University Place Latchkey Inc is a registered charity in United States, based in University PL, WA. It received its IRS tax-exemption ruling in August 1994, 32 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, University Place Latchkey Inc reported income of $877k and spending of $859k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $848k to $877k (+3.5%), an average of +0.9% a year. The sharpest change came in the year to December 2022, when income rose by 80%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University Place Latchkey Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within WA. Charities of a similar size with the same main cause include School Choice Ohio Inc ($877k), Solomon Schechter Day Schools Endowment Foundation ($877k) and DKG International Educators Foundation ($877k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $530k. At year end it held assets of $484k against liabilities of $0, net assets of $484k. It reported 22 employees.