Young Mens Educational Network

Analysis

Young Mens Educational Network is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Young Mens Educational Network reported income of $1.9m and spending of $1.5m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.9m (+48%), an average of +10% a year. The sharpest change came in the year to December 2020, when income rose by 41%. Over the whole period it spent 63% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Young Mens Educational Network sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include First Generation College Bound Inc ($1.9m), Ready Readers ($1.9m) and Wright Christian Academy ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $137k (9.2% of expenses). Other salaries and wages came to $261k. At year end it held assets of $6.8m against liabilities of $40k, net assets of $6.8m. It reported 11 employees.