Under 21

Analysis

Under 21 is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1982, 44 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, Under 21 reported income of $32.6m and spending of $31.8m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $24.0m to $32.6m (+36%), an average of +7.9% a year. The sharpest change came in the year to June 2020, when income rose by 21%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Under 21 sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Starkey Incorporated ($32.6m), General German Aged Peoples Home of Baltimore ($32.6m) and Lutheran Services in Iowa Inc ($32.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $615k (1.9% of expenses). Other salaries and wages came to $15.4m. At year end it held assets of $28.4m against liabilities of $17.9m, net assets of $10.4m. It reported 384 employees.