Urise Ventures Inc

Analysis

Urise Ventures Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Urise Ventures Inc reported income of $151k and spending of $174k, spending 115% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $191k to $151k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Urise Ventures Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within CT. Charities of a similar size with the same main cause include Las Vegas Diversity FC ($151k), Peaceful Minds ($151k) and Northpoint Technology Institute ($151k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 111% of the total. Compensation of current officers, directors and key employees was $70k (40% of expenses). Other salaries and wages came to $30k. At year end it held assets of $27k against liabilities of $8,151, net assets of $19k. It reported 17 employees.