Youth Enrichment Services Inc

Analysis

Youth Enrichment Services Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in September 1973, 53 years ago. 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, Youth Enrichment Services Inc reported income of $3.2m and spending of $1.7m, leaving 49% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $3.2m (+81%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 78%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Youth Enrichment Services Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include Mid-Bronx Housing Development Fund ($3.2m), Eugenia Center ($3.2m) and Safe Passage Inc ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 103% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $224k (13% of expenses). Other salaries and wages came to $568k. It paid $43k in professional fundraising fees. At year end it held assets of $8.1m against liabilities of $3.0m, net assets of $5.1m. It reported 35 employees.