Hospitality House Youth Development

Analysis

Hospitality House Youth Development is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in January 1967, 59 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Hospitality House Youth Development reported income of $990k and spending of $1.2m, spending 120% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $952k to $990k (+4.0%), an average of +1.0% a year. The sharpest change came in the year to August 2022, when income rose by 38%. Over the whole period it spent 88% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Hospitality House Youth Development sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MN. Charities of a similar size with the same main cause include Thrive with Autism Foundation ($989k), Minds Matter ($990k) and Youth for Christ USA Inc ($988k).

On its Form 990 for the period ending August 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 $92k (7.8% of expenses). Other salaries and wages came to $704k. At year end it held assets of $1.6m against liabilities of $44k, net assets of $1.5m. It reported 48 employees.