Urban Business Support

Analysis

Urban Business Support is a registered charity in United States, based in Puyallup, WA. It received its IRS tax-exemption ruling in August 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Urban Business Support reported income of $152k and spending of $124k, spending 82% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $107k to $152k (+41%), an average of +42% a year. The sharpest change came in the year to June 2023, when income rose by 41%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Urban Business Support sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 44th percentile within WA. Charities of a similar size with the same main cause include Racine Revitalization Partnership ($152k), Tule River Economic Development Corporation ($152k) and Social Impact Properties ($152k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. At year end it held assets of $78k against liabilities of $6,793, net assets of $72k.