Urban Archive Inc

Analysis

Urban Archive Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 2017, 9 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 private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2020, Urban Archive Inc reported income of $391k and spending of $348k, spending 89% of its income. Across the 2 years on record, from December 2019 to December 2020, income grew from $261k to $391k (+50%), an average of +50% a year. The sharpest change came in the year to December 2020, when income rose by 50%. Over the whole period it spent 113% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Urban Archive Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include National Society of the Daughters of the American Revolution ($391k), Performing Arts Building Foundation Inc ($391k) and Latimer Cooksey Arts & Cultural Fou Ndation ($391k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 73% of the total. At year end it held assets of $59k against liabilities of $0, net assets of $59k.