Myhealth for Teens and Young Adults Inc

Analysis

Myhealth for Teens and Young Adults Inc is a registered charity in United States, based in Hopkins, MN. It received its IRS tax-exemption ruling in April 1972, 54 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, Myhealth for Teens and Young Adults Inc reported income of $1.6m and spending of $1.6m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.6m (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2020, when income rose by 20%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Myhealth for Teens and Young Adults Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MN. Charities of a similar size with the same main cause include Housing Trust Fund of Northern Virginia Inc ($1.6m), A Womans Place Inc ($1.6m) and Hospitality House ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $107k (6.7% of expenses). Other salaries and wages came to $916k. At year end it held assets of $628k against liabilities of $288k, net assets of $340k. It reported 39 employees.