Urban Renaissance Center

Analysis

Urban Renaissance Center is a registered charity in United States, based in Flint, MI. It received its IRS tax-exemption ruling in January 2016, 10 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 Renaissance Center reported income of $83k and spending of $200k, spending 241% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $346k to $83k (-76%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 76%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Urban Renaissance Center sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within MI. Charities of a similar size with the same main cause include Parramore District Inc ($83k), General Federation of Womens Club ($83k) and Junior League of Arlington Texas Inc ($83k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $63k (31% of expenses). At year end it held assets of $80k against liabilities of -$3,327, net assets of $83k. It reported 1 employees.