Urban College of Boston a Two Year College Inc

Analysis

Urban College of Boston a Two Year College Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in September 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Urban College of Boston a Two Year College Inc reported income of $6.9m and spending of $4.1m, leaving 40% of income unspent that year. Across the 5 years on record, from August 2019 to June 2023, income grew from $4.2m to $6.9m (+64%), an average of +13% a year. The sharpest change came in the year to August 2021, when income rose by 76%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Urban College of Boston a Two Year College Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Foundation for Excellence at Woodland Christian Schools ($6.9m), Emerge Fellowship ($6.9m) and Princeton International School of Mathematics and Science Inc ($6.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $193k (4.6% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $7.5m against liabilities of $2.1m, net assets of $5.4m. It reported 94 employees.