Urban Rebound Initiatives Inc

Analysis

Urban Rebound Initiatives Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 2014, 12 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 Rebound Initiatives Inc reported income of $1.4m and spending of $1.5m, spending 110% of what it took in. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Urban Rebound Initiatives Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Supporting Future Growth Child Development Center Inc ($1.4m), Goldensun Peace Ministries ($1.4m) and Little Sun People Incorporated ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $860k (57% of expenses). At year end it held assets of $1.1m against liabilities of $1.1m, net assets of $0. It reported 58 employees.