Memorable Moments Youth Development Program Inc

Analysis

Memorable Moments Youth Development Program Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in December 2013, 13 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 December 2023, Memorable Moments Youth Development Program Inc reported income of $2.1m and spending of $2.1m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.1m (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2020, when income rose by 19%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Memorable Moments Youth Development Program Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include Crisis Center of Anderson and Cherokee Counties ($2.1m), Working Credit NFP ($2.1m) and Planned Lifetime Assistance Network of New Jersey Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 9.3% of the total. Other salaries and wages came to $981k. At year end it held assets of $659k against liabilities of $169k, net assets of $490k. It reported 73 employees.