Young House Family Services

Analysis

Young House Family Services is a registered charity in United States, based in Burlington, IA. It received its IRS tax-exemption ruling in June 1993, 33 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Young House Family Services reported income of $1.5m and spending of $1.7m, spending 110% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $3.4m to $1.5m (-55%), an average of -18% a year. The sharpest change came in the year to June 2022, when income dropped by 65%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Young House Family Services 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 83rd percentile, and in the 85th percentile within IA. Charities of a similar size with the same main cause include National Science & Technology Medals Foundation ($1.5m), Greater Valdosta United Way Inc ($1.5m) and Metroport Meals on Wheels Inc ($1.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 24% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $181k (11% of expenses). Other salaries and wages came to $804k. At year end it held assets of $8.7m against liabilities of $281k, net assets of $8.4m. It reported 75 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.