Urban Scholastic Center

Analysis

Urban Scholastic Center is a registered charity in United States, based in Kansas City, KS. It received its IRS tax-exemption ruling in May 2005, 21 years ago. Its declared purposes cover community improvement and capacity building, 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 June 2023, Urban Scholastic Center reported income of $1.1m and spending of $1.4m, spending 118% of what it took in. Across the 6 years on record, from December 2018 to June 2023, income grew from $411k to $1.1m (+179%), an average of +23% a year. The sharpest change came in the year to June 2020, when income rose by 236%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Urban Scholastic Center sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within KS. Charities of a similar size with the same main cause include Connecticut Project Inc ($1.1m), Empower Work Inc ($1.1m) and Mesilla Valley Economic Development Alliance ($1.1m).

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 $109k (8.1% of expenses). Other salaries and wages came to $461k. At year end it held assets of $988k against liabilities of $109k, net assets of $880k. It reported 27 employees.