Urban Core Collective

Analysis

Urban Core Collective is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in October 2014, 12 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Urban Core Collective reported income of $2.5m and spending of $1.2m, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $487k to $2.5m (+416%), an average of +51% a year. The sharpest change came in the year to December 2023, when income rose by 68%. Over the whole period it spent 69% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Urban Core Collective sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within MI. Charities of a similar size with the same main cause include Sunrise Enterprises of Roseburg Inc ($2.5m), Berkshire Training & Employment Inc ($2.5m) and Connector Park Foundation Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.2m against liabilities of $105k, net assets of $2.1m.