Young at Heart Resources

Analysis

Young at Heart Resources is a registered charity in United States, based in Cameron, MO. It received its IRS tax-exemption ruling in February 1975, 51 years ago. 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, Young at Heart Resources reported income of $5.3m and spending of $5.3m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.5m to $5.3m (+50%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Young at Heart Resources sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MO. Charities of a similar size with the same main cause include Dallas Secondary Educational Academy ($5.3m), Norman Howard School Inc ($5.3m) and Howard Training Center ($5.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $132k (2.5% of expenses). Other salaries and wages came to $642k. At year end it held assets of $2.0m against liabilities of $2.0m, net assets of $53k. It reported 24 employees.