Urban Summit Incorporated

Analysis

Urban Summit Incorporated is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in February 2015, 11 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 December 2023, Urban Summit Incorporated reported income of $344k and spending of $84k, leaving 76% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $41k to $344k (+741%), an average of +741% a year. The sharpest change came in the year to December 2023, when income rose by 741%. Over the whole period it spent 32% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Urban Summit Incorporated sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within MO. Charities of a similar size with the same main cause include Restore Hope Resources Inc ($344k), Vineland Downtown Improvement Authority ($344k) and River Oaks Foundation Inc ($343k).

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 $294k against liabilities of $0, net assets of $294k.