Young Parents Network Incorporated

Analysis

Young Parents Network Incorporated is a registered charity in United States, based in Cedar Rapids, IA. It received its IRS tax-exemption ruling in January 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Young Parents Network Incorporated reported income of $1.2m and spending of $1.1m, spending 92% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $800k to $1.2m (+56%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 38%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Young Parents Network Incorporated sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within IA. Charities of a similar size with the same main cause include Muslim Children Education and Civic Center ($1.2m), New Wine Development Corporation Inc ($1.2m) and A Home Within Inc ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 57% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $100k (8.7% of expenses). Other salaries and wages came to $550k. At year end it held assets of $2.0m against liabilities of $62k, net assets of $1.9m. It reported 20 employees.