Youth Renewal Fund

Analysis

Youth Renewal Fund is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1992, 34 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Youth Renewal Fund reported income of $11.5m and spending of $8.9m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.6m to $11.5m (+20%), an average of +4.6% a year. The sharpest change came in the year to June 2021, when income rose by 74%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Youth Renewal Fund sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Hephzibah Charter Foundation Inc ($11.5m), Victory Ridge Academy Inc ($11.5m) and Cleveland Avenue Foundation for Education Group ($11.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $270k (3.0% of expenses). Other salaries and wages came to $462k. At year end it held assets of $9.6m against liabilities of $789k, net assets of $8.8m. It reported 6 employees.