Urban Edge Housing Corp

Analysis

Urban Edge Housing Corp is a registered charity in United States, based in Roxbury, MA. It received its IRS tax-exemption ruling in April 1984, 42 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Edge Housing Corp reported income of $10.9m and spending of $8.6m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.2m to $10.9m (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Urban Edge Housing Corp sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include The Onestar Foundation ($10.9m), Indianapolis Downtown Inc ($11.0m) and Enterprise Professional Services Inc ($10.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $484k (5.6% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $67.5m against liabilities of $12.9m, net assets of $54.5m. It reported 38 employees.