Urban Renewal Initiative Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 3,278,804 | 193,511 | 3,085,293 | 274.3 | 0% |
| 2021 | 5,963,796 | 384,148 | 5,579,648 | 325.4 | 0% |
| 2022 | 6,405,060 | 362,599 | 6,042,461 | 544.7 | 0% |
| 2023 | 10,531,514 | 542,353 | 9,989,161 | 585.2 | 0% |
In its most recent public year (2023), this organization brought in $9,989,161 more than it spent. Its reserves stood at about 585.2 months of spending, up from 274.3 in 2020. Staff pay was 0% of spending. $7,886,323 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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