Young 1ove Foundation

Analysis

Young 1ove Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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 December 2023, Young 1ove Foundation reported income of $2.0m and spending of $1.9m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $385k to $2.0m (+416%), an average of +51% a year. The sharpest change came in the year to December 2020, when income rose by 302%. Over the whole period it spent 72% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Young 1ove Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Conway Hospital Community Services ($2.0m), American Indian Health Commission for Washington State ($2.0m) and Center for Health Care Rights ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $171k (9.0% of expenses). Other salaries and wages came to $573k. At year end it held assets of $2.7m against liabilities of $381k, net assets of $2.3m. It reported 7 employees.