National Youngarts Foundation Supporting Organization

Analysis

National Youngarts Foundation Supporting Organization is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, National Youngarts Foundation Supporting Organization reported income of $2.0m and spending of $2.4m, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.0m (+12%), an average of +3.0% a year. The sharpest change came in the year to June 2020, when income rose by 203%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Youngarts Foundation Supporting Organization sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include American Society of Naval Engineers ($2.0m), Tybee Island Historical Society Inc ($2.0m) and The National Institute of Flamenco ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 103% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $58k (2.4% of expenses). Other salaries and wages came to $445k. At year end it held assets of $26.9m against liabilities of $573k, net assets of $26.3m.