Youth America Grand Prix Inc

Analysis

Youth America Grand Prix Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 America Grand Prix Inc reported income of $6.5m and spending of $4.8m, leaving 26% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.8m to $6.5m (+69%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 56%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Youth America Grand Prix Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Chesapeake Bay Maritime Museum Inc ($6.5m), Lehigh Valley Public Telecommunications Corp ($6.5m) and Grandview Preparatory School Inc ($6.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $161k (3.4% of expenses). Other salaries and wages came to $668k. It paid $48k in professional fundraising fees. At year end it held assets of $4.7m against liabilities of $85k, net assets of $4.6m. It reported 26 employees.