Urban Alchemy

Analysis

Urban Alchemy is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in August 2019, 7 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 June 2023, Urban Alchemy reported income of $70.3m and spending of $69.6m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $10.1m to $70.3m (+594%), an average of +91% a year. The sharpest change came in the year to June 2021, when income rose by 175%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Urban Alchemy sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Community Action Kentucky Inc ($69.8m), Workforce Solutions Borderplex Inc ($71.0m) and Cincinnati Center City Development Corporation ($69.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $1.1m (1.6% of expenses). Other salaries and wages came to $40.6m. At year end it held assets of $24.8m against liabilities of $19.0m, net assets of $5.8m. It reported 2,263 employees.