Urban Manufacturing Alliance

Analysis

Urban Manufacturing Alliance is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 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 Manufacturing Alliance reported income of $1.9m and spending of $1.1m, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $382k to $1.9m (+407%), an average of +50% a year. The sharpest change came in the year to December 2023, when income rose by 139%. Over the whole period it spent 71% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Urban Manufacturing Alliance sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Alpha Workshops ($1.9m), Gwi Services Inc ($1.9m) and Destiny Community Services ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $294k (28% of expenses). Other salaries and wages came to $243k. At year end it held assets of $2.1m against liabilities of $760k, net assets of $1.3m. It reported 11 employees.