National Youth Employment Coalition Inc

Analysis

National Youth Employment Coalition Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 1980, 46 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, National Youth Employment Coalition Inc reported income of $2.3m and spending of $943k, leaving 59% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $303k to $2.3m (+666%), an average of +66% a year. The sharpest change came in the year to June 2023, when income rose by 169%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Youth Employment Coalition Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 69th percentile within DC. Charities of a similar size with the same main cause include Merrimack Valley Health Services Inc ($2.3m), My Brothers Table Inc ($2.3m) and Sacred Heart at Monastery Lake Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 10% of the total. Compensation of current officers, directors and key employees was $195k (21% of expenses). Other salaries and wages came to $386k. At year end it held assets of $2.4m against liabilities of $175k, net assets of $2.2m. It reported 7 employees.