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. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 March 2023, Urban League of Rochester Economic Development Corporation reported income of $421k and spending of $148k, leaving 65% of income unspent that year. Across the 4 years on record, from March 2020 to March 2023, income grew from $317k to $421k (+33%), an average of +10% a year. The sharpest change came in the year to March 2023, when income rose by 602%. Over the whole period it spent 53% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Urban League of Rochester Economic Development Corporation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Ahepa Buffalo Housing Development Inc ($421k), Columbus Regional Senior Living Inc ($421k) and Villa at Meadow View Inc ($421k).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 88% of the total. Compensation of current officers, directors and key employees was $90k (61% of expenses). At year end it held assets of $6.5m against liabilities of $2.2m, net assets of $4.3m.