Hope for Youth Inc

Analysis

Hope for Youth Inc is a registered charity in United States, based in Amityville, NY. It received its IRS tax-exemption ruling in December 1969, 57 years ago. 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 2023, Hope for Youth Inc reported income of $15.2m and spending of $15.1m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.0m to $15.2m (+38%), an average of +8.4% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hope for Youth Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Link Associates ($15.2m), Virginia University of Lynchburg Inc ($15.2m) and Ronald McDonald House Long Island Inc ($15.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $459k (3.0% of expenses). Other salaries and wages came to $8.1m. At year end it held assets of $11.1m against liabilities of $7.2m, net assets of $3.9m. It reported 207 employees.