Passage of Youth Family Center Inc

Analysis

Passage of Youth Family Center Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in January 2009, 17 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, Passage of Youth Family Center Inc reported income of $1.2m and spending of $1.3m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.3m to $1.2m (-49%), an average of -16% a year. The sharpest change came in the year to December 2022, when income dropped by 39%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Passage of Youth Family Center Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within TX. Charities of a similar size with the same main cause include Childrens Learning Center Inc ($1.2m), Options Domestic and Sexual Violence Services Inc ($1.2m) and Chippewa Enterprises Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $73k (5.6% of expenses). Other salaries and wages came to $196k. At year end it held assets of $1.6m against liabilities of $905k, net assets of $658k. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.