Friends of Youth Opportunity Boston Inc

Analysis

Friends of Youth Opportunity Boston Inc is a registered charity in United States, based in Roxbury, MA. It received its IRS tax-exemption ruling in December 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of Youth Opportunity Boston Inc reported income of $754k and spending of $787k, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $826k to $754k (-8.7%), an average of -2.2% a year. The sharpest change came in the year to June 2022, when income rose by 56%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Youth Opportunity Boston Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MA. Charities of a similar size with the same main cause include Pacific Theological Seminary ($754k), Foundation for Engineering at the University of Oklahoma Inc ($754k) and Peer Solutions Inc ($754k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $247k. At year end it held assets of $10k against liabilities of $33k, net assets of -$22k.

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.