Richfield Springs Youth Ministry Corp

Analysis

Richfield Springs Youth Ministry Corp is a registered charity in United States, based in Richfld SPGS, NY. It received its IRS tax-exemption ruling in March 2000, 26 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 (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, Richfield Springs Youth Ministry Corp reported income of $90k and spending of $50k, leaving 44% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $54k to $90k (+66%), an average of +66% a year. The sharpest change came in the year to December 2023, when income rose by 66%. Over the whole period it spent 67% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Richfield Springs Youth Ministry Corp sits at the 39th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within NY. Charities of a similar size with the same main cause include Central Ohio Athletic Association ($90k), Champaign Wrestling Club ($90k) and West Delaware Athletic Booster Club Inc ($90k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 6.4% of the total. At year end it held assets of $265k against liabilities of $1,518, net assets of $264k.