Urban Culture and Heritage Initiative Inc

Analysis

Urban Culture and Heritage Initiative Inc is a registered charity in United States, based in McLean, VA. It received its IRS tax-exemption ruling in January 2023, 3 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Urban Culture and Heritage Initiative Inc reported income of $107k and spending of $102k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $166k to $107k (-36%), an average of -36% a year. The sharpest change came in the year to December 2023, when income dropped by 36%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Urban Culture and Heritage Initiative Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within VA. Charities of a similar size with the same main cause include Av Dance Studio 81 Parent Organization Inc ($107k), Pike County Historical Society Inc ($107k) and Society of 1842 ($107k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $61k against liabilities of $0, net assets of $61k.