Mayors Youth Empowerment Program

Analysis

Mayors Youth Empowerment Program is a registered charity in United States, based in Iowa City, IA. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover employment, which this site groups under community and economic 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 June 2023, Mayors Youth Empowerment Program reported income of $8.8m and spending of $8.5m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.8m to $8.8m (+52%), an average of +11% a year. The sharpest change came in the year to June 2020, when income rose by 25%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mayors Youth Empowerment Program sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IA. Charities of a similar size with the same main cause include Ben Franklin Technology Center of Southeastern Pennsylvania ($8.8m), Community Action Partnership of Providence ($8.8m) and Colorado Fund for People with Disabilities Trust ($8.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.1% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $653k (7.7% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $6.3m against liabilities of $5.1m, net assets of $1.2m. It reported 252 employees.