Second Street Youth Center Foundation Inc

Analysis

Second Street Youth Center Foundation Inc is a registered charity in United States, based in Plainfield, NJ. It received its IRS tax-exemption ruling in December 1968, 58 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 December 2023, Second Street Youth Center Foundation Inc reported income of $4.2m and spending of $4.0m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.4m to $4.2m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Second Street Youth Center Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NJ. Charities of a similar size with the same main cause include Opportunities for Inclusion Inc ($4.2m), Recreation Association of Corcoran Inc ($4.2m) and The Western Youth Network Inc ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $158k (3.9% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $7.5m against liabilities of $6.8m, net assets of $759k. It reported 72 employees.