Urban Dream Chasers

Analysis

Urban Dream Chasers is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 2020, 6 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 December 2023, Urban Dream Chasers reported income of $161k and spending of $126k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $219k to $161k (-26%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 83% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Urban Dream Chasers sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within PA. Charities of a similar size with the same main cause include Southeastern Efforts Developing Sustainable Spaces Inc ($161k), Old City Community Fund ($161k) and The Cohousing Association of the US ($160k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $68k against liabilities of $0, net assets of $68k.