Friends of Urban Inc

Analysis

Friends of Urban Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in September 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 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 June 2023, Friends of Urban Inc reported income of $156k and spending of $134k, spending 86% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $135k to $156k (+15%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 15%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Friends of Urban Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NY. Charities of a similar size with the same main cause include Dress for Success-Washington DC ($156k), Allegheny Township Volunteer Fire Department ($156k) and Good Deed Project ($156k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.5% of the total. At year end it held assets of $141k against liabilities of $0, net assets of $141k.