Urban Artworks

Analysis

Urban Artworks is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in January 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Artworks reported income of $1.3m and spending of $1.1m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $359k to $1.3m (+250%), an average of +37% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 84% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Urban Artworks sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within WA. Charities of a similar size with the same main cause include United Methodist Senior Servicesfoundation ($1.3m), Foundation Financial Officers Group Inc ($1.3m) and Jewish Federation of Pinellas & Pasco Counties FL Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $103k (9.7% of expenses). Other salaries and wages came to $359k. At year end it held assets of $739k against liabilities of $29k, net assets of $710k. It reported 11 employees.