Tle Center for Urban Entrepreneurship Inc

Analysis

Tle Center for Urban Entrepreneurship Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Tle Center for Urban Entrepreneurship Inc reported income of $284k and spending of $311k, spending 110% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $232k to $284k (+22%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 48%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Tle Center for Urban Entrepreneurship Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within MA. Charities of a similar size with the same main cause include New Mexico Appleseed ($284k), Akron Development Corporation ($284k) and Assistance League of Glendale a Corp ($284k).

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 $67k. At year end it held assets of $53k against liabilities of $3,062, net assets of $50k. It reported 8 employees.