Dynamite Youth Center Foundation Inc

Analysis

Dynamite Youth Center Foundation Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 1973, 53 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, Dynamite Youth Center Foundation Inc reported income of $544k and spending of $574k, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $879k to $544k (-38%), an average of -11% a year. The sharpest change came in the year to June 2023, when income dropped by 38%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dynamite Youth Center Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Heritage Public Library Inc ($544k), Marble Retreat ($544k) and Cornwall Library Association ($544k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $25k (4.3% of expenses). Other salaries and wages came to $28k. At year end it held assets of $4.1m against liabilities of $1.5m, net assets of $2.6m. It reported 3 employees.