Urban Resources Development Corporation

Analysis

Urban Resources Development Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in November 1985, 41 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 Resources Development Corporation reported income of $109k and spending of $147k, spending 134% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income grew from $55k to $109k (+100%), an average of +42% a year. The sharpest change came in the year to December 2022, when income rose by 91%. Over the whole period it spent 110% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Urban Resources Development Corporation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within PA. Charities of a similar size with the same main cause include Lenoir Service League Incorporated ($109k), Economic Development Alliance of Southern Ohio ($109k) and Kiwanis Club of Tulare Foundation ($109k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $263k against liabilities of $50k, net assets of $213k.