Urban Ministries of Wake County Inc

Analysis

Urban Ministries of Wake County Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in May 1981, 45 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, Urban Ministries of Wake County Inc reported income of $11.7m and spending of $12.2m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $13.3m to $11.7m (-12%), an average of -3.3% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Urban Ministries of Wake County Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NC. Charities of a similar size with the same main cause include Graceworks Ministries Inc ($11.7m), Catholic Charities of the Diocese of Fresno ($11.7m) and Albany County Opportunity Incorporated ($11.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $214k (1.8% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $6.0m against liabilities of $2.6m, net assets of $3.4m. It reported 82 employees.