Young Adult Institute Inc

Analysis

Young Adult Institute Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1965, 61 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Young Adult Institute Inc reported income of $241.6m and spending of $252.3m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $196.8m to $241.6m (+23%), an average of +5.3% a year. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Young Adult Institute 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 100th percentile within NY. Charities of a similar size with the same main cause include YMCA of San Diego County ($240.2m), Access Services Incorporated ($242.1m) and Lutheran Senior Services ($238.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.8% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $1.1m (0.4% of expenses). Other salaries and wages came to $148.4m. At year end it held assets of $217.3m against liabilities of $210.4m, net assets of $7.0m. It reported 4,832 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.