Young Horizons

Analysis

Young Horizons is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in January 1970, 56 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Young Horizons reported income of $5.8m and spending of $5.4m, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $4.5m to $5.8m (+30%), an average of +9.2% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Young Horizons sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Lititz Community Center ($5.8m), Young Mens Christian Association of Athens Georgia ($5.8m) and Crisis Center for South Suburbia ($5.8m).

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 $124k (2.3% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $6.1m against liabilities of $4.8m, net assets of $1.3m. It reported 93 employees.