Urban Youth Racing School Inc

Analysis

Urban Youth Racing School Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 2002, 24 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 December 2023, Urban Youth Racing School Inc reported income of $359k and spending of $382k, spending 106% of what it took in. The sharpest change came in the year to December 2022, when income rose by 68%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Urban Youth Racing School Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within PA. Charities of a similar size with the same main cause include Beta Nu Boule Education Foundation ($359k), Heartlight Center Inc ($359k) and Massasoit Community College Foundation Inc ($359k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $72k (19% of expenses). Other salaries and wages came to $14k. At year end it held assets of $176k against liabilities of $176k, net assets of $0. It reported 2 employees.