Waltham Partnership for Youth Inc

Analysis

Waltham Partnership for Youth Inc is a registered charity in United States, based in Waltham, MA. It received its IRS tax-exemption ruling in February 1998, 28 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 (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 2024, Waltham Partnership for Youth Inc reported income of $1.9m and spending of $1.3m, leaving 33% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $545k to $1.9m (+253%), an average of +37% a year. The sharpest change came in the year to June 2024, when income rose by 57%. Over the whole period it spent 84% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Waltham Partnership for Youth Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include Boys Girls Club of North Mississipp I ($1.9m), Ellis County Youth Expo ($1.9m) and Reading Power Inc ($1.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Other salaries and wages came to $867k. At year end it held assets of $1.1m against liabilities of $43k, net assets of $1.1m. It reported 60 employees.