Mark Wahlberg Youth Foundation Inc

Analysis

Mark Wahlberg Youth Foundation Inc is a registered charity in United States, based in White Plains, NY. It received its IRS tax-exemption ruling in November 2001, 25 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 December 2023, Mark Wahlberg Youth Foundation Inc reported income of $2.8m and spending of $1.6m, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.8m (+98%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mark Wahlberg Youth Foundation Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include The Angels Foster Family Agency ($2.8m), Michigan Coalition Against Homelessness ($2.8m) and Drumondawmin Healthy Families Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $75k (4.7% of expenses). Other salaries and wages came to $60k. At year end it held assets of $3.1m against liabilities of $72k, net assets of $3.0m. It reported 2 employees.