Urban Renaissance Partners Inc

Analysis

Urban Renaissance Partners Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in January 2016, 10 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Urban Renaissance Partners Inc reported income of $4.1m and spending of $5.4m, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.6m to $4.1m (-27%), an average of -7.4% a year. The sharpest change came in the year to December 2021, when income rose by 230%. Over the whole period it spent 48% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Urban Renaissance Partners Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within TN. Charities of a similar size with the same main cause include Peninsula Housing Development Inc III ($4.1m), Shelter Association of Washtenaw ($4.1m) and Community Neighborhood Housing Services Inc ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 10% of the total. At year end it held assets of $20.3m against liabilities of $3.5m, net assets of $16.8m.