Young Athletes Inc

Analysis

Young Athletes Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1999, 27 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Young Athletes Inc reported income of $606k and spending of $735k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $754k to $606k (-20%), an average of -5.3% a year. The sharpest change came in the year to December 2021, when income rose by 70%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Young Athletes Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Lions Camp Tatiyee Inc ($606k), San Antonio Tennis Association Inc ($606k) and Soccer Club of Ridgefield Conn Inc ($606k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $123k (17% of expenses). Other salaries and wages came to $242k. At year end it held assets of $209k against liabilities of $28k, net assets of $181k. It reported 18 employees.