Urban League of Essex County Opportunity Corporation

Analysis

Urban League of Essex County Opportunity Corporation is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in August 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 (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 League of Essex County Opportunity Corporation reported income of $158k and spending of $217k, spending 137% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $78k to $158k (+104%), an average of +104% a year. The sharpest change came in the year to December 2023, when income rose by 104%. Over the whole period it spent 148% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Urban League of Essex County Opportunity Corporation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 56th percentile within NJ. Charities of a similar size with the same main cause include Community Alliance Housing Corporation IV ($158k), Lambs Residence III Inc ($158k) and Village at Hickory Glen Apartment Homes Inc ($158k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% of the total. Other salaries and wages came to $64k. At year end it held assets of $6.7m against liabilities of $6.4m, net assets of $263k. It reported 2 employees.