Washington Youth Foundation

Analysis

Washington Youth Foundation is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Washington Youth Foundation reported income of $175k and spending of $192k, spending 110% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $191k to $175k (-8.5%), an average of -2.2% a year. The sharpest change came in the year to June 2022, when income rose by 31%. Over the whole period it spent 99% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Washington Youth Foundation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within MD. Charities of a similar size with the same main cause include Battleground Summer Rec ($175k), Battleground Skate House and Youth Center Inc ($175k) and Volo Natural Learning Community Inc ($175k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $69k (36% of expenses). Other salaries and wages came to $28k. At year end it held assets of $24k against liabilities of $2,585, net assets of $22k. It reported 3 employees.