Urc Foundation

Analysis

Urc Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in July 2022, 4 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 December 2023, Urc Foundation reported income of $1.8m and spending of $41k, leaving 98% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $2.0m to $1.8m (-10%), an average of -10% a year. Over the whole period it spent 1.2% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Urc Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Legacy Residential Homes Inc ($1.8m), Urban League of Hampton Roads Inc ($1.8m) and Grow Pittsburgh ($1.8m).

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 $11.2m against liabilities of $7.5m, net assets of $3.8m.