Urban Initiatives Inc

Analysis

Urban Initiatives Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 2004, 22 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 July 2023, Urban Initiatives Inc reported income of $7.0m and spending of $7.4m, spending 106% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $4.3m to $7.0m (+64%), an average of +13% a year. The sharpest change came in the year to July 2023, when income rose by 26%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Urban Initiatives Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include Chesterbrook Residences Inc ($7.0m), Arlington Charities Inc ($7.0m) and Pennsylvania Association for Sustainable Agriculture ($7.0m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 64% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $401k (5.4% of expenses). Other salaries and wages came to $3.8m. It paid $105k in professional fundraising fees. At year end it held assets of $4.5m against liabilities of $222k, net assets of $4.3m. It reported 239 employees.