New York Urban League Inc

Analysis

New York Urban League Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1928, 98 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, New York Urban League Inc reported income of $3.3m and spending of $3.4m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $3.3m (+33%), an average of +7.3% a year. The sharpest change came in the year to June 2021, when income rose by 33%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New York Urban League Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include John Jermain Memorial Library ($3.3m), Harmony Community Healthcare Inc ($3.3m) and Soil Science Society of America Inc ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 106% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $189k (5.6% of expenses). Other salaries and wages came to $825k. At year end it held assets of $3.5m against liabilities of $2.4m, net assets of $1.1m. It reported 19 employees.