Young Adults with Special Abilities Inc

Analysis

Young Adults with Special Abilities Inc is a registered charity in United States, based in Jamaica, NY. It received its IRS tax-exemption ruling in May 2002, 24 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 June 2023, Young Adults with Special Abilities Inc reported income of $2.5m and spending of $2.5m, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $873k to $2.5m (+184%), an average of +42% a year. The sharpest change came in the year to June 2022, when income rose by 90%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Young Adults with Special Abilities Inc sits at the 85th percentile: it is larger than about 85% 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 Lake Superior Hospice Association Inc ($2.5m), Crawford County Council on Aging Inc ($2.5m) and Face to Face ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $154k (6.2% of expenses). Other salaries and wages came to $578k. At year end it held assets of $373k against liabilities of $288k, net assets of $85k. It reported 26 employees.