Institute for the Development of African American Youth Inc

Analysis

Institute for the Development of African American Youth Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in April 1992, 34 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, Institute for the Development of African American Youth Inc reported income of $3.0m and spending of $2.7m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $743k to $3.0m (+306%), an average of +42% a year. The sharpest change came in the year to June 2023, when income rose by 207%. 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, Institute for the Development of African American Youth Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within PA. Charities of a similar size with the same main cause include Congaree Foundation ($3.0m), Network Connect Inc ($3.0m) and Community Youth Advance Incorporated ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $163k (6.1% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $961k against liabilities of $630k, net assets of $331k. It reported 182 employees.