Wisconsin Youth Company Inc

Analysis

Wisconsin Youth Company Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in October 1974, 52 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, Wisconsin Youth Company Inc reported income of $4.7m and spending of $5.5m, spending 117% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $4.9m to $4.7m (-5.7%), an average of -1.5% a year. The sharpest change came in the year to August 2022, when income rose by 59%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Wisconsin Youth Company Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within WI. Charities of a similar size with the same main cause include Historical Society of Pennsylvania ($4.7m), Community Christian Academy Inc ($4.7m) and Veterans Empowerment Organization of Georgia Inc ($4.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 24% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $129k (2.4% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $3.0m against liabilities of $1.2m, net assets of $1.8m. It reported 136 employees.