Yjp Foundation Inc

Analysis

Yjp Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Yjp Foundation Inc reported income of $1.5m and spending of $1.9m, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $507k to $1.5m (+190%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 103%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Yjp Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Homes of Hope for Children Inc ($1.5m), Abilene Boys Ranch Inc ($1.5m) and The Society of Saint Vincent de Paul Fort Worth Diocesan Council ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $84k (4.3% of expenses). Other salaries and wages came to $765k. At year end it held assets of $177k against liabilities of $562k, net assets of -$386k. It reported 23 employees.