Urban Alliance Foundation Inc

Analysis

Urban Alliance Foundation Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 1996, 30 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 (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 Alliance Foundation Inc reported income of $9.5m and spending of $13.6m, spending 143% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $10.2m to $9.5m (-6.9%), an average of -1.8% a year. The sharpest change came in the year to December 2023, when income dropped by 54%. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Urban Alliance Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 87th percentile within DC. Charities of a similar size with the same main cause include Pittsburgh Downtown Partnership ($9.5m), Providence Foundation of San Francisco ($9.5m) and Climb Hire Inc ($9.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $475k (3.5% of expenses). Other salaries and wages came to $9.4m. At year end it held assets of $22.9m against liabilities of $2.3m, net assets of $20.6m. It reported 1,394 employees.