Plummer Youth Promise Inc

Analysis

Plummer Youth Promise Inc is a registered charity in United States, based in Salem, MA. It received its IRS tax-exemption ruling in February 1935, 91 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Plummer Youth Promise Inc reported income of $13.3m and spending of $8.6m, leaving 35% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.1m to $13.3m (+118%), an average of +21% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Plummer Youth Promise Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Alliance for Early Success ($13.3m), Mend-Meet Each Need with Dignity ($13.3m) and PHS Cambridge LLC ($13.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $177k (2.1% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $16.9m against liabilities of $1.1m, net assets of $15.8m. It reported 90 employees.