Nueva Luz Urban Resource Center

Analysis

Nueva Luz Urban Resource Center is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Nueva Luz Urban Resource Center reported income of $2.5m and spending of $2.5m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.5m (+62%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 34%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nueva Luz Urban Resource Center sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within OH. Charities of a similar size with the same main cause include South-East Asia Center ($2.5m), Chastella Inc ($2.5m) and Jim H Green Kidz Harbor Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $121k (4.8% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $583k against liabilities of $186k, net assets of $397k. It reported 37 employees.