Urban League of Rochester Economic Development Corporation

Analysis

Urban League of Rochester Economic Development Corporation is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in August 1999, 27 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending March 2023, Urban League of Rochester Economic Development Corporation reported income of $78k and spending of $153k, spending 197% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income grew from $73k to $78k (+5.7%), an average of +1.9% a year. Over the whole period it spent 147% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Urban League of Rochester Economic Development Corporation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within NY. Charities of a similar size with the same main cause include California Long Term Care Ombudsman Association ($78k), Springfield Township Local Cable Communications Board Inc ($78k) and St Peters Centers for Comprehensive Services Inc ($78k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 53% and program service revenue 45% of the total. Other salaries and wages came to $16k. At year end it held assets of $822k against liabilities of $228k, net assets of $594k.

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.