Urban Logic Inc

Analysis

Urban Logic Inc is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in September 1992, 34 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 December 2023, Urban Logic Inc reported income of $158k and spending of $141k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $200k to $158k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Urban Logic Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Mid-West Tool Collectors Association Inc ($158k), Philadelphians Prison Ministries Inc ($158k) and Beaufort Symphony Orchestra Inc ($158k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 33% of the total. At year end it held assets of $238k against liabilities of $78k, net assets of $160k.