Urban Promise Ministries Community Development Inc

Analysis

Urban Promise Ministries Community Development Inc is a registered charity in United States, based in Maple Shade, NJ. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Urban Promise Ministries Community Development Inc reported income of $468k and spending of $601k, spending 128% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $392k to $468k (+20%), an average of +4.6% a year. The sharpest change came in the year to June 2022, when income rose by 122%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Urban Promise Ministries Community Development Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within NJ. Charities of a similar size with the same main cause include Fresh RX ($468k), Buckinghams Choice Residents Association Inc ($468k) and Charis Youth Center ($468k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. At year end it held assets of $126k against liabilities of $4,781, net assets of $121k. It reported 13 employees.