Uc Independent Inc

Analysis

Uc Independent Inc is a registered charity in United States, based in Hayward, CA. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Uc Independent Inc reported income of $374k and spending of $692k, spending 185% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $319k to $374k (+17%), an average of +4.1% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 167% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Uc Independent Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include 6-8 Inc ($374k), Cascap Inc ($375k) and Creative Senior Housing ($374k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 39% of the total. At year end it held assets of $4.0m against liabilities of $3.4m, net assets of $643k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.