Institute for the Development of Young Leaders

Analysis

Institute for the Development of Young Leaders is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Institute for the Development of Young Leaders reported income of $5.2m and spending of $5.4m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.4m to $5.2m (+51%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Institute for the Development of Young Leaders sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include St Marys Foundation for Children ($5.2m), Northwest College Foundation ($5.2m) and Willowood Developmental Center Inc ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.1% and program service revenue 93% of the total. Other salaries and wages came to $2.4m. At year end it held assets of $7.4m against liabilities of $5.2m, net assets of $2.2m. It reported 62 employees.