Urban Resource Institute

Analysis

Urban Resource Institute is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Resource Institute reported income of $87.4m and spending of $88.4m, spending 101% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $64.4m to $87.4m (+36%), an average of +7.9% a year. The sharpest change came in the year to June 2021, when income rose by 106%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Urban Resource Institute sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Central Boston Elder Services Inc ($86.9m), Acacia Center for Justice ($87.6m) and Western Reserve Area Agency on Aging ($86.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $1.2m (1.4% of expenses). Other salaries and wages came to $31.1m. At year end it held assets of $278.7m against liabilities of $255.4m, net assets of $23.3m. It reported 724 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.