Evansville Urban Enterprise Association Inc

Analysis

Evansville Urban Enterprise Association Inc is a registered charity in United States, based in Evansville, IN. It received its IRS tax-exemption ruling in October 1984, 42 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, Evansville Urban Enterprise Association Inc reported income of $1.4m and spending of $360k, leaving 74% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $337k to $1.4m (+313%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 165%. Over the whole period it spent 60% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Evansville Urban Enterprise Association Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within IN. Charities of a similar size with the same main cause include The Council of Urban Professionals Institute ($1.4m), Tamaqua Area Community Partnership ($1.4m) and The Met Development Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $82k (23% of expenses). Other salaries and wages came to $111k. At year end it held assets of $2.3m against liabilities of $3,658, net assets of $2.3m. It reported 3 employees.