Broome County Urban League Inc

Analysis

Broome County Urban League Inc is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in December 1970, 56 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 December 2023, Broome County Urban League Inc reported income of $492k and spending of $545k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $569k to $492k (-14%), an average of -3.6% a year. The sharpest change came in the year to December 2022, when income dropped by 36%. 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, Broome County Urban League Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Dream Lighter Inc ($492k), Cherokee Day Care Inc ($492k) and Community Sharehouse the Furniture Bank of Tulsa County Inc ($491k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $80k (15% of expenses). Other salaries and wages came to $196k. At year end it held assets of $340k against liabilities of $695k, net assets of -$355k. It reported 15 employees.