Urban Ministries of Durham Inc

Analysis

Urban Ministries of Durham Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in July 1983, 43 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 Ministries of Durham Inc reported income of $5.2m and spending of $5.5m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.5m to $5.2m (+49%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Urban Ministries of Durham Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Church Finance Corporation ($5.2m), Coastal Educational Foundation Incorporated ($5.2m) and Association of School Business Officials International ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. At year end it held assets of $4.4m against liabilities of $325k, net assets of $4.1m. It reported 82 employees.