Young and Prosperous Foundation

Analysis

Young and Prosperous Foundation is a registered charity in United States, based in Chula Vista, CA. It received its IRS tax-exemption ruling in September 2009, 17 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, Young and Prosperous Foundation reported income of $191k and spending of $215k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $270k to $191k (-29%), an average of -29% a year. The sharpest change came in the year to December 2023, when income dropped by 29%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Young and Prosperous Foundation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Saint Marys High School Scholarship & Benefit Fund ($191k), Selfreliance Association of American Ukrainians Inc ($191k) and Arc-Chaucer Apartments Inc ($191k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $90k against liabilities of $0, net assets of $90k.