Upward Bound House

Analysis

Upward Bound House is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in July 1995, 31 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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, Upward Bound House reported income of $9.0m and spending of $8.5m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.2m to $9.0m (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Upward Bound House sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Hillside House ($9.0m), The Summit League Inc ($9.0m) and Essex Valley School ($9.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $239k (2.8% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $13.4m against liabilities of $2.1m, net assets of $11.3m. It reported 56 employees.