Urban Chamber Community Development Corporation

Analysis

Urban Chamber Community Development Corporation is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in May 2017, 9 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 Chamber Community Development Corporation reported income of $186k and spending of $224k, spending 120% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.6m to $186k (-88%), an average of -88% a year. The sharpest change came in the year to December 2023, when income dropped by 88%. Over the whole period it spent 12% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Urban Chamber Community Development Corporation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within NV. Charities of a similar size with the same main cause include Duluth Fall Festival Inc ($186k), Better Business Bureau Foundation ($186k) and Local USA 829 Apprenticeship and Training Fund ($186k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 107% of the total. Other salaries and wages came to $41k. At year end it held assets of $1.5m against liabilities of $70k, net assets of $1.5m. It reported 2 employees.