Answer Inc

Analysis

Answer Inc is a registered charity in United States, based in Hillside, IL. It received its IRS tax-exemption ruling in October 2023, 3 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 August 2023, Answer Inc reported income of $721k and spending of $523k, leaving 27% of income unspent that year. Across the 4 years on record, from June 2019 to August 2023, income grew from $70k to $721k (+932%), an average of +118% a year. The sharpest change came in the year to June 2020, when income rose by 152%. Over the whole period it spent 78% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Answer Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within IL. Charities of a similar size with the same main cause include 100 Black Men of Middle Tennessee Inc ($721k), Valley of the Sun Hockey Association II ($721k) and Boys & Girls Clubs of Ohio ($719k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $18k (3.5% of expenses). Other salaries and wages came to $150k. At year end it held assets of $369k against liabilities of $0, net assets of $369k.