The Teen Project Inc

Analysis

The Teen Project Inc is a registered charity in United States, based in Van Nuys, CA. It received its IRS tax-exemption ruling in September 2007, 19 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 June 2023, The Teen Project Inc reported income of $10.8m and spending of $11.3m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.6m to $10.8m (+64%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 38%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Teen Project Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include The Resident Home Corporation ($10.8m), Webster Cantrell Youth Advocacy ($10.8m) and International Care Ministries ($10.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $296k (2.6% of expenses). Other salaries and wages came to $5.4m. It paid $48k in professional fundraising fees. At year end it held assets of $14.3m against liabilities of $7.4m, net assets of $6.9m. It reported 131 employees.