Urban Enterprise Association of South Bend Inc

Analysis

Urban Enterprise Association of South Bend Inc is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in April 1991, 35 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Urban Enterprise Association of South Bend Inc reported income of $675k and spending of $681k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $687k to $675k (-1.8%), an average of -0.4% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 108% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Urban Enterprise Association of South Bend Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within IN. Charities of a similar size with the same main cause include Downtown Partnership ($675k), Seattle Streets Alliance ($675k) and Indy Black Chamber of Commerce Inc ($674k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $3.4m against liabilities of $3.0m, net assets of $449k.

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.