Urban Impact Inc

Analysis

Urban Impact Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in June 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Impact Inc reported income of $1.6m and spending of $954k, leaving 41% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $401k to $1.6m (+301%), an average of +42% a year. The sharpest change came in the year to June 2022, when income rose by 96%. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Urban Impact Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 88th percentile within AL. Charities of a similar size with the same main cause include Onespartanburg Inc Foundation ($1.6m), Pennsylvania Assistive Technology Foundation ($1.6m) and United Way of Kennebec Valley ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $199k (21% of expenses). Other salaries and wages came to $205k. At year end it held assets of $1.1m against liabilities of $209k, net assets of $850k. It reported 9 employees.