Beaver Falls Youth Network Inc

Analysis

Beaver Falls Youth Network Inc is a registered charity in United States, based in Beaver Falls, PA. It received its IRS tax-exemption ruling in November 1999, 27 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 December 2023, Beaver Falls Youth Network Inc reported income of $1.4m and spending of $1.4m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.4m (+18%), an average of +4.3% a year. The sharpest change came in the year to December 2022, when income rose by 17%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Beaver Falls Youth Network Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within PA. Charities of a similar size with the same main cause include New Stage Inc ($1.4m), Association of Wisconsin Snowmobile Clubs Inc ($1.4m) and Boys & Girls Club of Southwestern Oregon ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $72k (5.0% of expenses). Other salaries and wages came to $783k. At year end it held assets of $949k against liabilities of $108k, net assets of $841k. It reported 124 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.