Upwardly Global

Analysis

Upwardly Global is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Upwardly Global reported income of $22.4m and spending of $13.7m, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.8m to $22.4m (+232%), an average of +35% a year. The sharpest change came in the year to December 2021, when income rose by 71%. Over the whole period it spent 61% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Upwardly Global sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Goodwill Industries of Greater Nebraska Inc ($22.3m), Skills Inc ($22.4m) and Des Moines Performing Arts ($22.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 4.8% of the total. Compensation of current officers, directors and key employees was $503k (3.7% of expenses). Other salaries and wages came to $7.3m. At year end it held assets of $31.8m against liabilities of $2.2m, net assets of $29.6m. It reported 107 employees.