Ycs Foundation Inc

Analysis

Ycs Foundation Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in April 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Ycs Foundation Inc reported income of $1.4m and spending of $932k, leaving 32% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.4m to $1.4m (-0.5%), an average of -0.1% a year. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ycs Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within NJ. Charities of a similar size with the same main cause include Footbridge ($1.4m), Dreamland Preschool Inc ($1.4m) and Ohio County & Independent Agricultural Societies ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $271k. At year end it held assets of $4.0m against liabilities of $3.6m, net assets of $445k.