Year Up Inc

Analysis

Year Up Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Year Up Inc reported income of $186.2m and spending of $194.2m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $172.7m to $186.2m (+7.8%), an average of +1.9% a year. The sharpest change came in the year to December 2021, when income rose by 15%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Year Up Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Kansas State University Foundation ($185.3m), Macalester College ($186.4m) and Oral Roberts University ($184.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $4.5m (2.3% of expenses). Other salaries and wages came to $84.2m. It paid $186k in professional fundraising fees. At year end it held assets of $216.2m against liabilities of $44.4m, net assets of $171.8m. It reported 1,058 employees.