American Youth Hostels Inc

Analysis

American Youth Hostels Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in December 1979, 47 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, American Youth Hostels Inc reported income of $30.6m and spending of $28.8m, spending 94% of its income. Across the 4 years on record, from March 2020 to March 2023, income fell from $39.1m to $30.6m (-22%), an average of -7.8% a year. The sharpest change came in the year to March 2022, when income rose by 84%. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, American Youth Hostels Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MD. Charities of a similar size with the same main cause include Housing Initiatives of New England ($30.6m), Housing Counseling Services Inc ($30.6m) and Energy Services Inc ($30.5m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 9.4% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $2.0m (6.8% of expenses). Other salaries and wages came to $9.1m. At year end it held assets of $69.7m against liabilities of $45.2m, net assets of $24.5m. It reported 372 employees.