Urban League Affordable Housing and Community Developmental Corpor

Analysis

Urban League Affordable Housing and Community Developmental Corpor is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in February 1997, 29 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 December 2023, Urban League Affordable Housing and Community Developmental Corpor reported income of $876k and spending of $127k, leaving 85% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $91k to $876k (+859%), an average of +76% a year. The sharpest change came in the year to December 2023, when income rose by 837%. Over the whole period it spent 41% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Urban League Affordable Housing and Community Developmental Corpor sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within NJ. Charities of a similar size with the same main cause include Harry and Jeanette Weinberg Village 1 Inc ($875k), Dowling Park Home Inc ($877k) and Rva Sisters Keeper ($875k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.7% of the total. At year end it held assets of $520k against liabilities of $16k, net assets of $505k.