Urban Family Sports Inc

Analysis

Urban Family Sports Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Urban Family Sports Inc reported income of $405k and spending of $327k, spending 81% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $65k to $405k (+519%), an average of +149% a year. The sharpest change came in the year to December 2022, when income rose by 724%. Over the whole period it spent 45% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Urban Family Sports Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 70th percentile within FL. Charities of a similar size with the same main cause include Worldbuilders Inc ($405k), Endless Highway Inc ($405k) and Citizens Foundation ($405k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $181k. At year end it held assets of $559k against liabilities of $5,901, net assets of $553k.