Urban Vision

Analysis

Urban Vision is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in February 1993, 33 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Urban Vision reported income of $802k and spending of $696k, spending 87% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $700k to $802k (+14%), an average of +3.4% a year. The sharpest change came in the year to August 2022, when income rose by 27%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Urban Vision sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within OH. Charities of a similar size with the same main cause include Tyler Economic Development Council ($802k), Become Inc ($802k) and Littlejohn Community Center Inc ($802k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 98% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $85k (12% of expenses). Other salaries and wages came to $334k. At year end it held assets of $1.0m against liabilities of $50k, net assets of $955k. It reported 30 employees.