Urban League of Palm Beach County Foundation Inc

Analysis

Urban League of Palm Beach County Foundation Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Urban League of Palm Beach County Foundation Inc reported income of $5.3m and spending of $296k, leaving 94% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $322k to $5.3m (+1541%), an average of +101% a year. The sharpest change came in the year to December 2023, when income rose by 4311%. Over the whole period it spent 6.2% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Urban League of Palm Beach County Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Capital Area United Way ($5.3m), Fellowship Educational Foundation Inc ($5.3m) and Bicentennial Volunteers ($5.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $5.9m against liabilities of $0, net assets of $5.9m.