New Haven-Urban Resources Initiative Inc

Analysis

New Haven-Urban Resources Initiative Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in January 1993, 33 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, New Haven-Urban Resources Initiative Inc reported income of $804k and spending of $787k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $804k (-46%), an average of -14% a year. The sharpest change came in the year to December 2021, when income dropped by 34%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, New Haven-Urban Resources Initiative Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within CT. Charities of a similar size with the same main cause include Miller Institute for Learning with Technology ($804k), Cielo - Community for Innovation Entrepreneurship Leadershp & Oppor ($804k) and BBB Institute for Marketplace Trust ($804k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 51% of the total. At year end it held assets of $1.4m against liabilities of $138k, net assets of $1.2m.