Philadelphia Youth for Change

Analysis

Philadelphia Youth for Change is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 1993, 33 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Philadelphia Youth for Change reported income of $11.4m and spending of $8.0m, leaving 30% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $7.7m to $11.4m (+48%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 36%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Philadelphia Youth for Change 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 95th percentile, and in the 94th percentile within PA. Charities of a similar size with the same main cause include Allendale Columbia School ($11.4m), Elite Academic Academy - Lucerne ($11.5m) and Achievekids ($11.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $174k (2.2% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $26.5m against liabilities of $16.3m, net assets of $10.2m. It reported 81 employees.