Urban Neighborhood Initiatives Inc

Analysis

Urban Neighborhood Initiatives Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in October 1998, 28 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, Urban Neighborhood Initiatives Inc reported income of $3.8m and spending of $3.7m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $3.8m (+122%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Urban Neighborhood Initiatives Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include Morgans Inclusion Initiative ($3.8m), Feeding Americas Hungry Children ($3.8m) and Beyond Emancipation ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $82k (2.2% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $3.5m against liabilities of $1.3m, net assets of $2.2m. It reported 362 employees.