Youth for a Better Future

Analysis

Youth for a Better Future is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2022, 4 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 December 2023, Youth for a Better Future reported income of $268k and spending of $243k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $157k to $268k (+71%), an average of +71% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 84% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Youth for a Better Future sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within IL. Charities of a similar size with the same main cause include Park Central Inc ($267k), Muslim Youth of Central Ohio ($268k) and Clemson Area Classical Academy ($267k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $23k (9.6% of expenses). Other salaries and wages came to $38k. At year end it held assets of $46k against liabilities of $2,168, net assets of $44k. It reported 2 employees.