Youth Development Initiatives

Analysis

Youth Development Initiatives is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in August 2006, 20 years ago. 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 Development Initiatives reported income of $944k and spending of $685k, leaving 27% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $424k to $944k (+123%), an average of +31% a year. The sharpest change came in the year to June 2021, when income rose by 45%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Youth Development Initiatives sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within NC. Charities of a similar size with the same main cause include Genesis House Inc ($944k), Keyhole to Opportunity NFP ($944k) and Siuslaw Outreach Services Inc ($944k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $72k (11% of expenses). Other salaries and wages came to $229k. At year end it held assets of $536k against liabilities of $1,394, net assets of $534k. It reported 9 employees.