Housatonic Youth Service Bureau Inc

Analysis

Housatonic Youth Service Bureau Inc is a registered charity in United States, based in Falls Village, CT. It received its IRS tax-exemption ruling in October 1991, 35 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 June 2023, Housatonic Youth Service Bureau Inc reported income of $681k and spending of $607k, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $270k to $681k (+153%), an average of +26% a year. The sharpest change came in the year to June 2023, when income rose by 61%. Over the whole period it spent 96% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Housatonic Youth Service Bureau Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within CT. Charities of a similar size with the same main cause include Youth Mentoring Worldwide Inc ($681k), Glastonbury Hartwell Soccer Club Inc ($681k) and Ignite Worldwide ($681k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $78k (13% of expenses). Other salaries and wages came to $270k. At year end it held assets of $879k against liabilities of $9,688, net assets of $870k. It reported 6 employees.