Leaders of Tomorrow Youth Center Inc

Analysis

Leaders of Tomorrow Youth Center Inc is a registered charity in United States, based in Owings Mills, MD. It received its IRS tax-exemption ruling in June 2007, 19 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 June 2023, Leaders of Tomorrow Youth Center Inc reported income of $2.7m and spending of $2.7m, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.5m to $2.7m (+87%), an average of +23% a year. The sharpest change came in the year to June 2021, when income rose by 41%. Over the whole period it spent 107% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Leaders of Tomorrow Youth Center Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MD. Charities of a similar size with the same main cause include Liahona Academy for Youth Non Profit Organization ($2.7m), Boys & Girls Clubs of Southern Maine ($2.7m) and Boy Scouts of America ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $207k (7.5% of expenses). Other salaries and wages came to $65k. At year end it held assets of $725k against liabilities of $603k, net assets of $122k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.