Urban League of Springfield Inc

Analysis

Urban League of Springfield Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in December 1934, 92 years ago. 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 June 2023, Urban League of Springfield Inc reported income of $2.9m and spending of $3.2m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $2.9m (+82%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 92%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Urban League of Springfield Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include Leadership Louisville Foundation Incorporated ($2.9m), Creutzfeldt-Jakob Disease Foundation Inc ($2.9m) and Geneva Lakes Family Young Mens Christian Association Inc ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $381k (12% of expenses). Other salaries and wages came to $249k. At year end it held assets of $2.3m against liabilities of $409k, net assets of $1.9m. It reported 10 employees.