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. 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 $72k and spending of $131k, spending 181% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income grew from $66k to $72k (+9.4%), an average of +3.0% a year. The sharpest change came in the year to March 2023, when income rose by 17%. Over the whole period it spent 173% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Urban League of Rochester Economic Development Corporation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within NY. Charities of a similar size with the same main cause include National Black Nurses Associaion Inc ($72k), Monterey Park Library Foundation ($72k) and American Society of Civil Engineers ($72k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 47% and program service revenue 51% of the total. Other salaries and wages came to $18k. At year end it held assets of $1.3m against liabilities of $73k, net assets of $1.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.