Urban Development Center Inc

Analysis

Urban Development Center Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in April 2016, 10 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 Development Center Inc reported income of $295k and spending of $346k, spending 117% of what it took in. Across the 5 years on record, from December 2018 to December 2023, income fell from $601k to $295k (-51%), an average of -16% a year. The sharpest change came in the year to December 2023, when income rose by 590%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Urban Development Center Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within FL. Charities of a similar size with the same main cause include Asbestos Workers Local 14 Scholarship Fund ($295k), Laborers-Agc Apprenticeship TRNG and Work Preparedness TR of Mt ($295k) and Acts Community Development ($295k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $106k (31% of expenses). Other salaries and wages came to $118k. At year end it held assets of -$3,551 against liabilities of $0, net assets of -$3,551. It reported 2 employees.