Urbanpromise Charlotte

Analysis

Urbanpromise Charlotte is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 2024, Urbanpromise Charlotte reported income of $2.6m and spending of $3.0m, spending 115% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.7m to $2.6m (+55%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 79%. Over the whole period it spent 92% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Urbanpromise Charlotte sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include Boys and Girls Club of the Big Island ($2.6m), Don Moyer Boys & Girls Club ($2.6m) and Uprose Inc ($2.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $126k (4.2% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $1.3m against liabilities of $135k, net assets of $1.1m. It reported 221 employees.