Yo Art Inc

Analysis

Yo Art Inc is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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, Yo Art Inc reported income of $112k and spending of $102k, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $76k to $112k (+48%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 58%. Over the whole period it spent 108% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Yo Art Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 45th percentile within SC. Charities of a similar size with the same main cause include El Monte-South El Monte Jets Youth Football and Cheer Organization ($111k), Ordinary Towards Extraordinary Foundation Inc ($112k) and Tusonge Children S Ministries Inc ($111k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 50% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $42k (42% of expenses). Other salaries and wages came to $40k. At year end it held assets of $29k against liabilities of $11k, net assets of $18k. It reported 2 employees.