Youthhope

Analysis

Youthhope is a registered charity in United States, based in Moline, IL. It received its IRS tax-exemption ruling in February 1970, 56 years ago. 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 August 2023, Youthhope reported income of $2.6m and spending of $1.5m, leaving 42% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.5m to $2.6m (+68%), an average of +14% a year. The sharpest change came in the year to August 2021, when income rose by 97%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Youthhope sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include Auglaize Industries Inc ($2.6m), United We ($2.6m) and Step 2 ($2.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 92% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $121k (8.0% of expenses). Other salaries and wages came to $483k. At year end it held assets of $7.9m against liabilities of $249k, net assets of $7.7m. It reported 51 employees.