The Urban Outreach Center of New York City Inc

Analysis

The Urban Outreach Center of New York City Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2020, 6 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 December 2023, The Urban Outreach Center of New York City Inc reported income of $427k and spending of $526k, spending 123% of what it took in. Across the 5 years on record, from June 2020 to December 2023, income fell from $479k to $427k (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Urban Outreach Center of New York City Inc sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Womens Impact Alliance ($427k), Downtown Dunn Development Corporation ($427k) and Urban Ed Inc ($426k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $136k (26% of expenses). Other salaries and wages came to $285k. At year end it held assets of $453k against liabilities of $55k, net assets of $398k. It reported 6 employees.