Apex for Youth Inc

Analysis

Apex for Youth Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1992, 34 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 July 2022, Apex for Youth Inc reported income of $5.5m and spending of $3.7m, leaving 33% of income unspent that year. Across the 4 years on record, from July 2019 to July 2022, income grew from $2.9m to $5.5m (+90%), an average of +24% a year. The sharpest change came in the year to July 2021, when income rose by 111%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Apex for Youth Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Interim Community Development Association ($5.5m), Relief Enterprise of Texas Inc ($5.5m) and Commonwealth Impact Foundation Inc ($5.5m).

On its Form 990 for the period ending July 2022, revenue came from contributions and grants 52% and program service revenue 2.8% of the total. Compensation of current officers, directors and key employees was $139k (3.8% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $4.8m against liabilities of $462k, net assets of $4.3m. It reported 114 employees.