Yblc Inc

Analysis

Yblc Inc is a registered charity in United States, based in North Chicago, IL. It received its IRS tax-exemption ruling in September 2004, 22 years ago. Its declared purposes cover employment, which this site groups under community and economic 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 June 2023, Yblc Inc reported income of $2.5m and spending of $2.4m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $2.5m (+74%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 47%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Yblc Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within IL. Charities of a similar size with the same main cause include Center for Living and Learning ($2.5m), Solidago Foundation ($2.5m) and Career Wardrobe ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $133k (5.6% of expenses). Other salaries and wages came to $976k. At year end it held assets of $1.5m against liabilities of $482k, net assets of $973k. It reported 26 employees.