Urban Arts Partnership

Analysis

Urban Arts Partnership is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1994, 32 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 Arts Partnership reported income of $6.3m and spending of $6.1m, spending 96% of its income. Across the 5 years on record, from July 2019 to June 2023, income fell from $7.0m to $6.3m (-10%), an average of -2.6% a year. The sharpest change came in the year to June 2022, when income rose by 31%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Urban Arts Partnership sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Operation Gratitude Inc ($6.3m), National Church Residences ($6.3m) and United Way of Southwest Louisiana Inc ($6.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 6.4% of the total. Compensation of current officers, directors and key employees was $501k (8.2% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $9.1m against liabilities of $2.5m, net assets of $6.6m. It reported 64 employees.