Lymes Youth Service Bureau Inc

Analysis

Lymes Youth Service Bureau Inc is a registered charity in United States, based in Old Lyme, CT. It received its IRS tax-exemption ruling in June 1979, 47 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lymes Youth Service Bureau Inc reported income of $881k and spending of $599k, leaving 32% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $532k to $881k (+66%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lymes Youth Service Bureau Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within CT. Charities of a similar size with the same main cause include Boys & Girls Club of Kingsville Inc ($881k), York County Literacy Council ($881k) and Imagine Housing Communities ($881k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 47% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $88k (15% of expenses). Other salaries and wages came to $86k. At year end it held assets of $2.5m against liabilities of $43k, net assets of $2.5m. It reported 16 employees.