Urbanpromise Ministries Wilmington

Analysis

Urbanpromise Ministries Wilmington is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Urbanpromise Ministries Wilmington reported income of $2.8m and spending of $2.9m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $2.8m (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2020, when income rose by 23%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Urbanpromise Ministries Wilmington sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within DE. Charities of a similar size with the same main cause include Ops-Mdy Inc ($2.8m), Early Childhood Education Step ($2.8m) and Tma Heritage Foundation Inc ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $111k (3.8% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $3.7m against liabilities of $323k, net assets of $3.4m. It reported 91 employees.