Colonie Youth Center Inc

Analysis

Colonie Youth Center Inc is a registered charity in United States, based in Latham, NY. It received its IRS tax-exemption ruling in March 1966, 60 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2023, Colonie Youth Center Inc reported income of $6.6m and spending of $6.7m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.0m to $6.6m (+9.1%), an average of +2.2% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 109% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Colonie Youth Center Inc sits at the 98th percentile: it is larger than about 98% 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 Boys Clubs & Girls Clubs of Newport County Inc ($6.6m), With God All Things Are Possible ($6.6m) and Point Source Youth Inc ($6.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $131k (2.0% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $13.4m against liabilities of $9.2m, net assets of $4.2m. It reported 234 employees.