Central Urban Development Inc

Analysis

Central Urban Development Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Central Urban Development Inc reported income of $100k and spending of $351k, spending 351% of what it took in. Across the 4 years on record, from December 2018 to December 2023, income fell from $271k to $100k (-63%), an average of -28% a year. The sharpest change came in the year to December 2021, when income dropped by 72%. Over the whole period it spent 315% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Central Urban Development Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within OK. Charities of a similar size with the same main cause include Happyperiod ($100k), Beaver County YMCA Endowment Foundation ($100k) and Casa Hogar Ministries ($100k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $218k (62% of expenses). At year end it held assets of $7.9m against liabilities of $1.2m, net assets of $6.6m. It reported 1 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.