Urban Dove Inc

Urban Dove Inc. shows strong program spending and significant asset growth, with no reported officer compensation, but recent large liability increase warrants further scrutiny.

EIN: 133997718 · Long Island City, NY · NTEE: O50 · Updated: 2026-03-28

$7.8MRevenue

$38.9MAssets

90/100Mission Score (Excellent)

O50

About Urban Dove Inc

Urban Dove Inc (EIN: 133997718) is a nonprofit organization based in Long Island City, NY, classified under NTEE code O50. The organization reported total revenue of $7.8M and total assets of $38.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Urban Dove Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Urban Dove Inc. demonstrates a strong commitment to its programmatic mission, consistently allocating a significant portion of its expenses to program services. For instance, in the 2023 fiscal year, program expenses constituted approximately 85% of total expenses, indicating efficient use of funds towards its stated goals. The organization has shown remarkable growth in revenue and assets over the past decade, with revenue increasing from $1.18 million in 2014 to $6.14 million in 2023, and assets growing from $191,641 to over $40 million in the same period. This growth, particularly the substantial increase in assets and liabilities in the 2023 filing, suggests significant capital projects or investments, which warrants further investigation for full transparency.

While the program spending ratio is commendable, the substantial increase in liabilities to $36.9 million in 2023, alongside a corresponding increase in assets, suggests a significant shift in the organization's financial structure, possibly related to real estate or large-scale development. This change, while potentially strategic, requires clear communication to stakeholders to maintain full transparency. The consistent reporting of 0% officer compensation across all filings is a notable aspect of their financial management, indicating that top leadership is not drawing salaries from the organization, which can be viewed positively for donor confidence.

Overall, Urban Dove Inc. appears financially healthy with strong program focus and impressive growth. However, the recent dramatic changes in asset and liability structure, particularly the large increase in liabilities, should be clearly explained to ensure continued donor trust and understanding of the organization's long-term financial strategy. The consistent lack of officer compensation is a significant positive indicator of their dedication to the mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Urban Dove Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Urban Dove Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Urban Dove Inc. consistently reports 0% officer compensation across all available filings, indicating that its top leadership does not receive salaries from the organization, which is highly unusual for an organization of its size with over $6 million in annual expenses.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Urban Dove Inc's IRS 990 filings:

Dramatic increase in liabilities (from $2.38M to $36.93M) in 2023 without clear explanation in public filings.
Consistent 0% officer compensation for an organization with over $6 million in expenses, which is highly unusual and could indicate compensation through related parties or other arrangements not immediately apparent.

Strengths

The following positive indicators were identified for Urban Dove Inc:

Strong program spending ratio, with approximately 85% of expenses dedicated to programs in 2023.
Significant and consistent revenue growth over the past decade, from $1.18 million in 2014 to $6.14 million in 2023.
Impressive asset growth, indicating successful fundraising and investment.
No reported officer compensation, suggesting a high level of dedication to the mission and efficient use of donor funds for direct services.

Frequently Asked Questions about Urban Dove Inc

What caused the dramatic increase in assets and liabilities in the 2023 fiscal year?

The 2023 filing shows assets jumping from $6.49 million to $40.59 million and liabilities from $2.38 million to $36.93 million. This significant change, likely related to a major capital project or real estate acquisition, needs further clarification from the organization.

How does Urban Dove Inc. sustain its operations without officer compensation?

The consistent reporting of 0% officer compensation across all filings suggests that executive leadership may be compensated through other entities, volunteer their time, or have alternative income sources. This practice, while potentially beneficial for program spending, is uncommon for an organization of this scale.

Is Urban Dove Inc. financially stable given the large increase in liabilities?

While assets also increased significantly, the substantial rise in liabilities to $36.9 million in 2023 warrants a deeper look into the nature of these liabilities and the organization's ability to manage this debt, especially relative to its annual revenue of $6.14 million.

Filing History

IRS 990 filing history for Urban Dove Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Urban Dove Inc's revenue has grown by 463.3%, moving from $1.1M to $6.1M. Total assets increased by 13043% over the same period, from $309K to $40.6M. Total functional expenses rose by 598.3%, from $945K to $6.6M. In its most recent filing year (2023), Urban Dove Inc reported a deficit of $457K, with expenses exceeding revenue. The organization holds $36.9M in liabilities against $40.6M in assets (debt-to-asset ratio: 91.0%), resulting in net assets of $3.7M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$6.1M	$6.6M	$40.6M	$36.9M	—	—
2022	$6.0M	$4.9M	$6.5M	$2.4M	—	View 990
2021	$5.4M	$4.1M	$5.2M	$2.1M	—	—
2020	$4.5M	$3.6M	$2.9M	$1.2M	—	View 990
2019	$2.8M	$2.6M	$1.1M	$262K	—	View 990
2018	$1.8M	$1.7M	$729K	$128K	—	View 990
2017	$1.8M	$1.5M	$525K	$92K	—	View 990
2016	$1.4M	$1.4M	$349K	$156K	—	View 990
2015	$1.3M	$1.2M	$289K	$81K	—	View 990
2014	$1.2M	$1.2M	$192K	$76K	—	View 990
2013	$999K	$1.1M	$287K	$149K	—	View 990
2012	$1.1M	$1.1M	$394K	$137K	—	View 990
2011	$1.1M	$945K	$309K	$116K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $6.1M, expenses of $6.6M, and assets of $40.6M (revenue +2.9% year-over-year).
2022: Revenue of $6.0M, expenses of $4.9M, and assets of $6.5M (revenue +9.7% year-over-year).
2021: Revenue of $5.4M, expenses of $4.1M, and assets of $5.2M (revenue +22.2% year-over-year).
2020: Revenue of $4.5M, expenses of $3.6M, and assets of $2.9M (revenue +57.3% year-over-year).
2019: Revenue of $2.8M, expenses of $2.6M, and assets of $1.1M (revenue +55.2% year-over-year).
2018: Revenue of $1.8M, expenses of $1.7M, and assets of $729K (revenue +3.2% year-over-year).
2017: Revenue of $1.8M, expenses of $1.5M, and assets of $525K (revenue +29.4% year-over-year).
2016: Revenue of $1.4M, expenses of $1.4M, and assets of $349K (revenue +2.3% year-over-year).
2015: Revenue of $1.3M, expenses of $1.2M, and assets of $289K (revenue +12.6% year-over-year).
2014: Revenue of $1.2M, expenses of $1.2M, and assets of $192K (revenue +18.7% year-over-year).
2013: Revenue of $999K, expenses of $1.1M, and assets of $287K (revenue -10.7% year-over-year).
2012: Revenue of $1.1M, expenses of $1.1M, and assets of $394K (revenue +2.6% year-over-year).
2011: Revenue of $1.1M, expenses of $945K, and assets of $309K.

Data Sources and Methodology

This transparency report for Urban Dove Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.