Urban Erie Community Development Corporation

Analysis

Urban Erie Community Development Corporation is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover employment, 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 June 2022, Urban Erie Community Development Corporation reported income of $962k and spending of $1.0m, spending 109% of what it took in. Across the 3 years on record, from June 2020 to June 2022, income grew from $433k to $962k (+122%), an average of +49% a year. The sharpest change came in the year to June 2021, when income rose by 77%. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Urban Erie Community Development Corporation sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 77th percentile within PA. Charities of a similar size with the same main cause include Fourth Plain Forward ($962k), Crossroads Industries Inc ($963k) and Assistive Technology Resource Centers of Hawaii ($962k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $612k. At year end it held assets of $301k against liabilities of $371k, net assets of -$71k. It reported 165 employees.

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.