Urban Economic Development
EIN: 391893799 · Milwaukee, WI · NTEE: S31
| Metric | Value |
|---|---|
| Total Revenue | $855K |
| Total Expenses | $686K |
| Net Assets | $212K |
Is Urban Economic Development Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Urban Economic Development
Urban Economic Development (EIN: 391893799) is a nonprofit organization based in Milwaukee, WI, classified under NTEE code S31. The organization reported total revenue of $855K and total assets of $397K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Urban Economic Development's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Urban Economic Development is a small nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $428K |
| Total Expenses | $686K |
| Surplus / Deficit | $-257,820 |
| Total Assets | $248K |
| Total Liabilities | $35K |
| Net Assets | $212K |
| Operating Margin | -60.3% |
| Debt-to-Asset Ratio | 14.3% |
| Months of Reserves | 4.3 months |
Financial Health Grade: B
In 2023, Urban Economic Development reported a deficit of $258K with expenses exceeding revenue, holds 4.3 months of operating reserves (adequate), has a debt-to-asset ratio of 14.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Urban Economic Development's revenue has grown at a compound annual growth rate (CAGR) of 4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -34.4% | +29.7% | -49.6% |
| 2022 | +5.4% | -1.6% | +36.9% |
| 2021 | +6.9% | +3.1% | +31.4% |
| 2020 | +31.9% | +24.1% | +22.0% |
| 2019 | +23.1% | +60.4% | +14.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1997 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Urban Economic Development has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Urban Economic Development with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $258K, with expenses exceeding revenue.
- Debt-to-asset ratio: 14.3%.
Frequently Asked Questions about Urban Economic Development
Is Urban Economic Development a legitimate charity?
Based on AI analysis of IRS 990 filings, Urban Economic Development (EIN: 391893799) insufficient data. 0 red flags identified, 0 strengths noted.
How does Urban Economic Development spend its money?
Detailed spending breakdown data is not yet available for Urban Economic Development. Check back for updated IRS 990 analysis.
Are donations to Urban Economic Development tax-deductible?
Urban Economic Development is registered as a tax-exempt nonprofit (EIN: 391893799). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Urban Economic Development located?
Urban Economic Development is headquartered in Milwaukee, Wisconsin and files with the IRS under EIN 391893799. It is classified under NTEE code S31.
How many years of IRS 990 filings does Urban Economic Development have?
Urban Economic Development has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $855K in total revenue.
Filing History
IRS 990 filing history for Urban Economic Development showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Urban Economic Development's revenue has grown by 60.7%, moving from $266K to $428K. Total assets increased by 78.2% over the same period, from $139K to $248K. Total functional expenses rose by 86.3%, from $368K to $686K. In its most recent filing year (2023), Urban Economic Development reported a deficit of $258K, with expenses exceeding revenue. The organization holds $35K in liabilities against $248K in assets (debt-to-asset ratio: 14.3%), resulting in net assets of $212K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $428K | $686K | $248K | $35K | — | — |
| 2022 | $653K | $529K | $491K | $21K | — | View 990 |
| 2021 | $620K | $537K | $359K | $13K | — | View 990 |
| 2020 | $579K | $521K | $273K | $9K | — | View 990 |
| 2019 | $439K | $420K | $224K | $18K | — | View 990 |
| 2018 | $357K | $262K | $195K | $9K | — | View 990 |
| 2017 | $229K | $250K | $97K | $5K | — | — |
| 2016 | $247K | $224K | $123K | $9K | — | View 990 |
| 2015 | $263K | $260K | $99K | $9K | — | View 990 |
| 2014 | $247K | $254K | $96K | $9K | — | View 990 |
| 2013 | $242K | $233K | $133K | $39K | — | View 990 |
| 2012 | $228K | $230K | $138K | $53K | — | View 990 |
| 2011 | $266K | $368K | $139K | $16K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $428K, expenses of $686K, and assets of $248K (revenue -34.4% year-over-year).
- 2022: Revenue of $653K, expenses of $529K, and assets of $491K (revenue +5.4% year-over-year).
- 2021: Revenue of $620K, expenses of $537K, and assets of $359K (revenue +6.9% year-over-year).
- 2020: Revenue of $579K, expenses of $521K, and assets of $273K (revenue +31.9% year-over-year).
- 2019: Revenue of $439K, expenses of $420K, and assets of $224K (revenue +23.1% year-over-year).
- 2018: Revenue of $357K, expenses of $262K, and assets of $195K (revenue +56.0% year-over-year).
- 2017: Revenue of $229K, expenses of $250K, and assets of $97K (revenue -7.3% year-over-year).
- 2016: Revenue of $247K, expenses of $224K, and assets of $123K (revenue -6.1% year-over-year).
- 2015: Revenue of $263K, expenses of $260K, and assets of $99K (revenue +6.3% year-over-year).
- 2014: Revenue of $247K, expenses of $254K, and assets of $96K (revenue +2.2% year-over-year).
- 2013: Revenue of $242K, expenses of $233K, and assets of $133K (revenue +6.0% year-over-year).
- 2012: Revenue of $228K, expenses of $230K, and assets of $138K (revenue -14.3% year-over-year).
- 2011: Revenue of $266K, expenses of $368K, and assets of $139K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Urban Economic Development:
Data Sources and Methodology
This transparency report for Urban Economic Development 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.