Youth Co-Op Inc

Analysis

Youth Co-Op Inc is a registered charity in United States, based in Doral, FL. It received its IRS tax-exemption ruling in August 1976, 50 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Youth Co-Op Inc reported income of $45.2m and spending of $36.5m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $24.5m to $45.2m (+85%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 58%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Youth Co-Op Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within FL. Charities of a similar size with the same main cause include Southeast Community Capital Corporation ($45.2m), American Welding Society Inc ($45.4m) and American Society for Training and Development ($44.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $17.6m. At year end it held assets of $40.5m against liabilities of $22.6m, net assets of $17.9m. It reported 602 employees.