Urban Bridges Inc

Analysis

Urban Bridges Inc is a registered charity in United States, based in Haverhill, MA. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Bridges Inc reported income of $58k and spending of $82k, spending 140% of what it took in. Across the 2 years on record, from June 2022 to December 2023, income fell from $133k to $58k (-56%), an average of -56% a year. The sharpest change came in the year to December 2023, when income dropped by 56%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Urban Bridges Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 31st percentile within MA. Charities of a similar size with the same main cause include Hanas Hope ($58k), Tin Cup Fund ($58k) and Free Food Pantry ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 2.0% of the total. At year end it held assets of $77k against liabilities of $0, net assets of $77k.