Kenneth Young Center

Analysis

Kenneth Young Center is a registered charity in United States, based in Elk Grove VLG, IL. It received its IRS tax-exemption ruling in August 1972, 54 years ago. 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, Kenneth Young Center reported income of $28.4m and spending of $28.2m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.5m to $28.4m (+147%), an average of +25% a year. The sharpest change came in the year to June 2020, when income rose by 36%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kenneth Young Center sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include National Womens Law Center ($28.4m), United Cerebral Palsy of Georgia Inc ($28.4m) and Benson Hospital Corporation ($28.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $217k (0.8% of expenses). Other salaries and wages came to $17.1m. At year end it held assets of $13.5m against liabilities of $3.4m, net assets of $10.2m. It reported 403 employees.