UrbanPromise Charlotte

EIN: 472302870 501(c)(3) Youth Development

Charlotte, NC

Total Revenue
$5,518,139
Total Expenses
$3,148,592
Total Assets
$3,691,255
Net Assets
$3,565,465
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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
NC
Principal Officer
Jimmy McQuilkin
Phone
3013259471
Tax Period
2024-07-01 to 2025-06-30

UrbanPromise Charlotte, founded in 2014, is a community nonprofit in the Youth Development sector that reported $5.5M in total revenue in fiscal year 2024. Revenue surged 112% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.4M, a strong 43% operating margin.

Mission

Provide Charlotte's low-income children and youth with the academic, spiritual, and social development necessary to become Christian leaders determined to restore their communities.

Program Service Accomplishments

Program 1
Expenses: $1,401,305

StreetLeader Program: Through our unique StreetLeader Program, UrbanPromise employs low-income high school students as counselors, tutors, and mentors for the children who attend our afterschool and...

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StreetLeader Program: Through our unique StreetLeader Program, UrbanPromise employs low-income high school students as counselors, tutors, and mentors for the children who attend our afterschool and summer programs. The heart of the StreetLeader Program is challenging teens to use their influence to make positive changes in the lives of children, in their own lives, and throughout their communities. The StreetLeader Program employs approximately 140 teenagers. For most of our StreetLeaders, this is their first job, and they receive extensive training and on-the-job mentoring. Once in the StreetLeader Program, teens have the opportunity to take-on expanded responsibilities and develop leadership skills as peer leaders. In addition to leading the younger students during afterschool and summer programs, StreetLeaders also participate in year-round leadership and academic development led by UrbanPromise staff. This development includes leadership training, SAT tutoring, college advising and preparation, and one-on-one adult mentorship. With the StreetLeader Programs focus on achievement, 100% of our first eleven classes of senior StreetLeaders graduated high school on-time and received college acceptance. Most will become the first member of their families to graduate from college.

Program 2
Expenses: $747,864

AfterSchool Program: UrbanPromise AfterSchool Programs provide opportunities for elementary and middle school students to improve their academic performance, develop necessary life skills, create...

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AfterSchool Program: UrbanPromise AfterSchool Programs provide opportunities for elementary and middle school students to improve their academic performance, develop necessary life skills, create positive relationships with caring adults, explore the arts, and nurture their faith. Approximately 340 elementary and middle school students participate in UrbanPromises AfterSchool Programs rooted in four of Charlottes lowest-income neighborhoods in west, southwest, north, and east Charlotte.

Program 3
Expenses: $566,943

Summer Camp: UrbanPromise Summer Camps fill the learning-gap between semesters and provide elementary school students with six-weeks of focused academic instruction, spiritual support, and abiding...

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Summer Camp: UrbanPromise Summer Camps fill the learning-gap between semesters and provide elementary school students with six-weeks of focused academic instruction, spiritual support, and abiding relationships. Literacy instruction throughout the year is led by certified Charlotte-Mecklenburg Schools teachers. During the summer, literacy instruction is designed to combat the summer learning loss students from low-income families often experience. During our last eleven summer programs, UrbanPromise students made an average of 3+ months of reading growth during our six-week program.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,512,841
Program Service Revenue $0
Investment Income $0
Other Revenue $5,298
TOTAL REVENUE $5,518,139

Expense Breakdown

Grants Paid $2,602
Salaries & Benefits $2,257,513
Fundraising Expenses $249,192
Program Expenses $2,716,112
Other Expenses $888,477
TOTAL EXPENSES $3,148,592

Year-over-Year Comparison

2024 2023 Change
Revenue $5,518,139 $2,597,754 +1.1%
Expenses $3,148,592 $2,998,496 +0.1%
Net Income $2,369,547 $-400,742 -6.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
6
Employees
244
Volunteers
230

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$127,997
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jimmy McQuilkin Executive Dir. 50.00
Officer
$107,637 $20,360 $127,997
Brisa Urquieta de Hernandez Chair 2.00
Officer Director
$0 $0 $0
Erika Reynoso Vice Chair 2.00
Officer Director
$0 $0 $0
Bill Noel Treasurer 2.00
Officer Director
$0 $0 $0
Steve Gassaway Secretary 2.00
Officer Director
$0 $0 $0
Dave Mathews Director 2.00
Director
$0 $0 $0
Ashley Wright Director 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $5,518,139 $3,148,592 $3,691,255 $2,369,547
2024 $2,597,754 $2,998,496 $1,250,641 $-400,742
2023 $2,315,390 $2,561,207 $1,593,167 $-245,817
2022 $3,303,316 $2,175,300 $1,805,956 $1,128,016
2021 $1,848,909 $1,788,897 $755,521 $60,012
2020 $1,681,251 $1,314,721 $728,581 $366,530
2019 $1,388,255 $1,263,506 $291,759 $124,749
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