Urbanart Commission

Analysis

Urbanart Commission is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in October 1999, 27 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Urbanart Commission reported income of $1.1m and spending of $1.1m, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.6m to $1.1m (-29%), an average of -11% a year. The sharpest change came in the year to June 2023, when income dropped by 39%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Urbanart Commission sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within TN. Charities of a similar size with the same main cause include Music From Bear Valley ($1.1m), First Coast Cultural Center Inc ($1.1m) and Sacrmento History Alliance Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $92k (8.1% of expenses). Other salaries and wages came to $229k. At year end it held assets of $1.9m against liabilities of $930k, net assets of $998k. It reported 9 employees.