Federation of Youth Services

Analysis

Federation of Youth Services is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in January 1972, 54 years ago. 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 March 2023, Federation of Youth Services reported income of $1.1m and spending of $1.1m, spending 96% of its income. Across the 5 years on record, from March 2019 to March 2023, income fell from $1.4m to $1.1m (-19%), an average of -5.1% a year. The sharpest change came in the year to March 2020, when income dropped by 15%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Federation of Youth Services sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within MI. Charities of a similar size with the same main cause include Tennessee Central Railway Museum and Model Railroad Club ($1.1m), Lee County Alliance of the Arts Inc ($1.1m) and Big Brothers Big Sisters Wi Shoreline Inc ($1.1m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 0.2% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $121k (11% of expenses). Other salaries and wages came to $502k. At year end it held assets of $2.0m against liabilities of $167k, net assets of $1.8m. It reported 24 employees.