Urban Boatbuilders Inc

Analysis

Urban Boatbuilders Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 Boatbuilders Inc reported income of $983k and spending of $1.2m, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $813k to $983k (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2022, when income rose by 44%. Over the whole period it spent 98% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Urban Boatbuilders Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MN. Charities of a similar size with the same main cause include Center for Tomorrows Leaders ($983k), Grayson County Childrens Advocacy Center ($983k) and Majesty Outdoors ($983k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $112k (9.6% of expenses). Other salaries and wages came to $438k. At year end it held assets of $483k against liabilities of $81k, net assets of $402k. It reported 69 employees.