Youth Opportunities Unlimited the Hale Building

Analysis

Youth Opportunities Unlimited the Hale Building is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in February 1983, 43 years ago. 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 March 2023, Youth Opportunities Unlimited the Hale Building reported income of $19.3m and spending of $13.6m, leaving 29% of income unspent that year. Across the 4 years on record, from March 2020 to March 2023, income grew from $11.3m to $19.3m (+71%), an average of +20% a year. The sharpest change came in the year to March 2023, when income rose by 50%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Youth Opportunities Unlimited the Hale Building sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within OH. Charities of a similar size with the same main cause include Total Care Services Inc ($19.3m), Goodwill of Arkansas Foundation Inc ($19.3m) and National Able Network Inc ($19.3m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $330k (2.4% of expenses). Other salaries and wages came to $8.1m. It paid $398k in professional fundraising fees. At year end it held assets of $13.9m against liabilities of $1.8m, net assets of $12.1m. It reported 1,644 employees.