Urban Concepts Inc

Analysis

Urban Concepts Inc is a registered charity in United States, based in Bridgeport, CT. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Urban Concepts Inc reported income of $268k and spending of $176k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2021 to December 2023, income grew from $244k to $268k (+9.5%), an average of +9.5% a year. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Urban Concepts Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within CT. Charities of a similar size with the same main cause include Institute for Cognitive Therapy Inc ($268k), Cayce Charities Inc ($268k) and Red Door Place Inc ($268k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $77k (44% of expenses). At year end it held assets of $282k against liabilities of $245, net assets of $282k. It reported 4 employees.