Urban League of Greater Madison Inc

Analysis

Urban League of Greater Madison Inc is a registered charity in United States, based in Fitchburg, WI. It received its IRS tax-exemption ruling in November 1968, 58 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 December 2023, Urban League of Greater Madison Inc reported income of $5.1m and spending of $4.8m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $5.1m (+114%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 134%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Urban League of Greater Madison Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within WI. Charities of a similar size with the same main cause include Rosemount Center ($5.1m), M B D Community Housing Corporation ($5.1m) and Parent to Parent Support Program of Thurston County ($5.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $580k (12% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $29.6m against liabilities of $15.5m, net assets of $14.1m. It reported 73 employees.