Young of Heart Workshop

Analysis

Young of Heart Workshop is a registered charity in United States, based in Honolulu, HI. It received its IRS tax-exemption ruling in February 1972, 54 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Young of Heart Workshop reported income of $528k and spending of $608k, spending 115% of what it took in. Across the 3 years on record, from August 2019 to August 2023, income grew from $99k to $528k (+432%), an average of +131% a year. The sharpest change came in the year to August 2022, when income rose by 504%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Young of Heart Workshop sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within HI. Charities of a similar size with the same main cause include Rolling Harvest Food Rescue ($528k), S H a R E Inc ($528k) and Stockdale High Mustang Posse Association ($528k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 98% and program service revenue 1.5% of the total. At year end it held assets of $287k against liabilities of $8,196, net assets of $278k.