Fort Wayne Urban Enterprise Association Inc

Analysis

Fort Wayne Urban Enterprise Association Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in July 1984, 42 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, Fort Wayne Urban Enterprise Association Inc reported income of $936k and spending of $777k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $936k (-15%), an average of -4.1% a year. The sharpest change came in the year to December 2021, when income dropped by 17%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fort Wayne Urban Enterprise Association Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within IN. Charities of a similar size with the same main cause include Inspiration Studios Inc ($935k), Nareit Foundation ($936k) and University of Maryland Shore Regional Health Inc ($935k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 81% of the total. Other salaries and wages came to $155k. At year end it held assets of $2.2m against liabilities of $185k, net assets of $2.0m.