Yongey Foundation

Analysis

Yongey Foundation is a registered charity in United States, based in Steamboat SPR, CO. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Yongey Foundation reported income of $437k and spending of $498k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $317k to $437k (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2020, when income rose by 100%. Over the whole period it spent 69% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Yongey Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 65th percentile within CO. Charities of a similar size with the same main cause include Friends Missionary Prayer Band-Us ($437k), Dao Trang Thien Quang ($437k) and Care Drops International ($437k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 46% of the total. At year end it held assets of $1.7m against liabilities of $212k, net assets of $1.5m.