Grand Rapids Youth Commonwealth Inc

Analysis

Grand Rapids Youth Commonwealth Inc is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in October 1946, 80 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 December 2023, Grand Rapids Youth Commonwealth Inc reported income of $2.9m and spending of $2.6m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.9m (+88%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grand Rapids Youth Commonwealth Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within MI. Charities of a similar size with the same main cause include Queens County Educators for Tomorrow Inc ($2.9m), Flagler Cares Inc ($2.9m) and Clearway School Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $129k (5.0% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $7.1m against liabilities of $174k, net assets of $6.9m. It reported 83 employees.