Urban Workforce Advantage Inc

Analysis

Urban Workforce Advantage Inc is a registered charity in United States, based in Elizabeth, NJ. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Urban Workforce Advantage Inc reported income of $1.7m and spending of $1.6m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.7m (+69%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Urban Workforce Advantage Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within NJ. Charities of a similar size with the same main cause include Families on the Move of New York City ($1.7m), National Organization of Nurse Practitioner Faculties ($1.7m) and Public Library of Phoenixville ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $109k (6.6% of expenses). Other salaries and wages came to $784k. At year end it held assets of $415k against liabilities of $365k, net assets of $50k. It reported 15 employees.