Young Leaders Initiative

Analysis

Young Leaders Initiative is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 May 2023, Young Leaders Initiative reported income of $52k and spending of $64k, spending 122% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $248k to $52k (-79%), an average of -32% a year. The sharpest change came in the year to May 2022, when income rose by 73%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Young Leaders Initiative sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 19th percentile within MI. Charities of a similar size with the same main cause include Friends of United Sram Ashrams ($52k), Ministerios Tiempo de Dios ($52k) and MSL Northland ($52k).

On its Form 990-EZ for the period ending May 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. At year end it held assets of $167k against liabilities of $13k, net assets of $154k.