City Urban Revitalization Corporation

Analysis

City Urban Revitalization Corporation is a registered charity in United States, based in Cathedral Cty, CA. It received its IRS tax-exemption ruling in June 2002, 24 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 June 2024, City Urban Revitalization Corporation reported income of $117k and spending of $250k, spending 214% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $169k to $117k (-31%), an average of -7.1% a year. The sharpest change came in the year to June 2023, when income dropped by 4587%. Over the whole period it spent -263% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, City Urban Revitalization Corporation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 43rd percentile within CA. Charities of a similar size with the same main cause include Osi Foundation Inc ($117k), Arab American Friendship Center ($117k) and National Council of Jewish Women Incorporated ($117k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 21% of the total. Other salaries and wages came to $85k. At year end it held assets of $18.2m against liabilities of $30k, net assets of $18.2m. It reported 4 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.