Father Peter G Young Jr Foundation Inc

Analysis

Father Peter G Young Jr Foundation Inc is a registered charity in United States, based in Latham, NY. It received its IRS tax-exemption ruling in April 1993, 33 years ago. 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 March 2023, Father Peter G Young Jr Foundation Inc reported income of $1.7m and spending of $349k, leaving 80% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income grew from $529k to $1.7m (+224%), an average of +34% a year. The sharpest change came in the year to March 2022, when income rose by 219%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Father Peter G Young Jr Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Sally Kate Winters Family Services ($1.7m), New York State West Youth Soccer Association Inc ($1.7m) and Thunder Fellows Foundation ($1.7m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 102% of the total. At year end it held assets of $2.4m against liabilities of $3,720, net assets of $2.4m.