Urban Ventures Leadership Foundation

Analysis

Urban Ventures Leadership Foundation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in January 1989, 37 years ago. 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 June 2023, Urban Ventures Leadership Foundation reported income of $10.9m and spending of $6.2m, leaving 44% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.7m to $10.9m (+42%), an average of +9.2% a year. The sharpest change came in the year to June 2023, when income rose by 148%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Urban Ventures Leadership Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include Vernon Area Rehabilitation Center Inc ($10.9m), Arc-King County ($10.9m) and Hope Services Hawaii Inc ($10.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $292k (4.7% of expenses). Other salaries and wages came to $2.8m. It paid $112k in professional fundraising fees. At year end it held assets of $27.8m against liabilities of $642k, net assets of $27.1m. It reported 111 employees.