Upward Bound Senior Villa Inc

Analysis

Upward Bound Senior Villa Inc is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in April 1994, 32 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 (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 Senior Villa Inc reported income of $576k and spending of $732k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $475k to $576k (+21%), an average of +4.9% a year. Over the whole period it spent 133% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Upward Bound Senior Villa Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Mamou Elderly Housing Development Corporation ($575k), Safe Harbor of Grand Traverse Inc ($576k) and San Jose Catholic Housing Association Inc ($575k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 47% of the total. Other salaries and wages came to $133k. At year end it held assets of $5.6m against liabilities of $9.2m, net assets of -$3.6m. It reported 3 employees.

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.