Urban Agriculture Cooperative

Analysis

Urban Agriculture Cooperative is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover food, agriculture and nutrition, 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 Agriculture Cooperative reported income of $698k and spending of $793k, spending 114% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $220k to $698k (+216%), an average of +47% a year. The sharpest change came in the year to December 2022, when income rose by 75%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Urban Agriculture Cooperative sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within NJ. Charities of a similar size with the same main cause include Olivia S House-A Grief and Loss Center for Children ($697k), Orphan Voice Inc ($698k) and Greater Philadelphia Coalition Against Hunger ($697k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $66k (8.4% of expenses). Other salaries and wages came to $62k. At year end it held assets of $216k against liabilities of $18k, net assets of $197k. It reported 3 employees.