Youngstown Hearing and Speech Center

Analysis

Youngstown Hearing and Speech Center is a registered charity in United States, based in Youngstown, OH. It received its IRS tax-exemption ruling in July 1942, 84 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 August 2023, Youngstown Hearing and Speech Center reported income of $483k and spending of $108k, leaving 78% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income fell from $743k to $483k (-35%), an average of -10% a year. The sharpest change came in the year to August 2020, when income dropped by 37%. Over the whole period it spent 71% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Youngstown Hearing and Speech Center sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within OH. Charities of a similar size with the same main cause include Morgan Behavioral Health Choices Inc ($483k), A Haven ($483k) and Karns City Regional Ambulance Service ($483k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Other salaries and wages came to $98k. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.