Greensboro Urban Ministry

Analysis

Greensboro Urban Ministry is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in March 1973, 53 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Greensboro Urban Ministry reported income of $9.0m and spending of $9.1m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.7m to $9.0m (+57%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 30%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Greensboro Urban Ministry sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include United Neighborhood Centers of Northeastern Pennsylvania ($9.0m), Paws with a Cause ($9.0m) and Michigan 211 Inc ($9.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $486k (5.4% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $9.3m against liabilities of $311k, net assets of $9.0m. It reported 72 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.