Mayo Home for Youth Development

Analysis

Mayo Home for Youth Development is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in June 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mayo Home for Youth Development reported income of $1.1m and spending of $1.0m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $550k to $1.1m (+104%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 59%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mayo Home for Youth Development sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within OH. Charities of a similar size with the same main cause include Interchange Inc ($1.1m), Midtown Assistance Center Inc ($1.1m) and Living Alternatives Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $288k (28% of expenses). Other salaries and wages came to $273k. At year end it held assets of $412k against liabilities of $0, net assets of $412k. It reported 26 employees.