Urban Enterprise Association of Richmond Inc

Analysis

Urban Enterprise Association of Richmond Inc is a registered charity in United States, based in Richmond, IN. It received its IRS tax-exemption ruling in February 1985, 41 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 (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, Urban Enterprise Association of Richmond Inc reported income of $91k and spending of $62k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $38k to $91k (+136%), an average of +136% a year. The sharpest change came in the year to December 2023, when income rose by 136%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Urban Enterprise Association of Richmond Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within IN. Charities of a similar size with the same main cause include Junior League of Montclair-Newark Inc ($91k), Bixby Development Foundation Inc ($91k) and Global Impact Inc II NFP ($91k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $131k against liabilities of $0, net assets of $131k.