Harambee Youth Training Corporation

Analysis

Harambee Youth Training Corporation is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover community improvement and capacity building, 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 December 2023, Harambee Youth Training Corporation reported income of $615k and spending of $709k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $652k to $615k (-5.7%), an average of -1.4% a year. The sharpest change came in the year to December 2021, 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, Harambee Youth Training Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within MO. Charities of a similar size with the same main cause include Miracle Place Inc ($615k), Jewish Community Relations Councilof Saint Louis ($616k) and Wrap Inc ($615k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $329k. At year end it held assets of $13k against liabilities of $5,551, net assets of $7,591. It reported 24 employees.