Boston Asian Youth Essential Service

Analysis

Boston Asian Youth Essential Service is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in May 1973, 53 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 June 2023, Boston Asian Youth Essential Service reported income of $593k and spending of $631k, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $541k to $593k (+9.5%), an average of +2.3% a year. The sharpest change came in the year to June 2020, when income rose by 18%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Boston Asian Youth Essential Service sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Neediest Kids of All ($593k), Union County Crisis Assistance Ministry Inc ($593k) and Ghana Ministries Inc ($592k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $63k (10.0% of expenses). Other salaries and wages came to $217k. At year end it held assets of $3.2m against liabilities of $51k, net assets of $3.2m. It reported 9 employees.