Urban Commonwealth CDC Inc

Analysis

Urban Commonwealth CDC Inc is a registered charity in United States, based in Harrisburg, PA. It received its IRS tax-exemption ruling in December 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 Commonwealth CDC Inc reported income of $525k and spending of $64k, leaving 88% of income unspent that year. Across the 2 years on record, from December 2021 to December 2023, income grew from $253k to $525k (+108%), an average of +108% a year. The sharpest change came in the year to December 2023, when income rose by 108%. Over the whole period it spent 11% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Urban Commonwealth CDC Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within PA. Charities of a similar size with the same main cause include Mt Carmel Inc ($525k), Tangi Community Development Corporation ($525k) and Building Our Tech Inc ($524k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $991k against liabilities of $160k, net assets of $831k.