Urbanpromise Ministries Inc

Analysis

Urbanpromise Ministries Inc is a registered charity in United States, based in Pennsauken, NJ. It received its IRS tax-exemption ruling in July 1994, 32 years ago. 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 June 2024, Urbanpromise Ministries Inc reported income of $6.3m and spending of $5.8m, spending 93% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.9m to $6.3m (+61%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 54%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Urbanpromise Ministries Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NJ. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($6.3m), Young Womens Christian Assoc of Annapolis & Anne Arundel Cty MD ($6.3m) and Richland Community College Foundation ($6.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 89% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $117k (2.0% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $10.1m against liabilities of $1.2m, net assets of $8.9m. It reported 175 employees.