Urban Hope Development

Analysis

Urban Hope Development is a registered charity in United States, based in Fairfield, AL. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Hope Development reported income of $106k and spending of $112k, spending 105% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $134k to $106k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Urban Hope Development sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within AL. Charities of a similar size with the same main cause include USA Songshan Shaolin Temple Foundation ($106k), Sandburg Elementary Schoolfoundation ($106k) and Troup County College and Career Academy Inc ($106k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $134k against liabilities of $240, net assets of $134k.