Willie Youngs Home for Young Men Inc

Analysis

Willie Youngs Home for Young Men Inc is a registered charity in United States, based in North Hills, CA. It received its IRS tax-exemption ruling in September 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Willie Youngs Home for Young Men Inc reported income of $2.5m and spending of $2.0m, leaving 21% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $636k to $2.5m (+295%), an average of +32% a year. The sharpest change came in the year to December 2022, when income rose by 63%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Willie Youngs Home for Young Men Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Cincinnati Union Bethel ($2.5m), Corporation for Independent Living ($2.5m) and Child Care Law Center ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 91% of the total. Compensation of current officers, directors and key employees was $250k (13% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.3m against liabilities of $73k, net assets of $1.2m. It reported 32 employees.