Urban Restoration Enhancement Corporation

Analysis

Urban Restoration Enhancement Corporation is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in May 1993, 33 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 Restoration Enhancement Corporation reported income of $1.4m and spending of $1.3m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.4m (+19%), an average of +4.4% a year. The sharpest change came in the year to June 2021, when income rose by 55%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Urban Restoration Enhancement Corporation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within LA. Charities of a similar size with the same main cause include Pace Finance Corporation ($1.4m), National Community Development Association ($1.4m) and Inter-Mountain Fair Heritage Foundation ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $115k (8.6% of expenses). Other salaries and wages came to $75k. At year end it held assets of $6.4m against liabilities of $4.5m, net assets of $1.8m. It reported 4 employees.