Urban Community Developers Inc

Analysis

Urban Community Developers Inc is a registered charity in United States, based in Covington, KY. It received its IRS tax-exemption ruling in April 2018, 8 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, Urban Community Developers Inc reported income of $55k and spending of $200k, spending 367% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $100k to $55k (-46%), an average of -11% a year. The sharpest change came in the year to December 2019, when income rose by 707%. Over the whole period it spent 63% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Urban Community Developers Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within KY. Charities of a similar size with the same main cause include Du Nord Foundation ($54k), Sanctuary Project ($55k) and Trooper Nolan Sanders Foundation ($54k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 183% of the total. Compensation of current officers, directors and key employees was $144k (72% of expenses). Other salaries and wages came to $254. At year end it held assets of $639k against liabilities of $256k, net assets of $384k.