Urban League of Central Carolinas Inc

Analysis

Urban League of Central Carolinas Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in April 1979, 47 years ago. 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, Urban League of Central Carolinas Inc reported income of $1.7m and spending of $2.0m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $1.7m (+14%), an average of +3.2% a year. The sharpest change came in the year to June 2021, when income rose by 155%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Urban League of Central Carolinas Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Highland Food Pantry Inc ($1.7m), Mercy Center for Women Inc ($1.7m) and Infanta Montessori School of New Jersey ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $107k (5.4% of expenses). Other salaries and wages came to $659k. At year end it held assets of $2.2m against liabilities of $1.7m, net assets of $549k. It reported 10 employees.