Martinsville Youth Development Center Inc

Analysis

Martinsville Youth Development Center Inc is a registered charity in United States, based in Martinsville, IN. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Martinsville Youth Development Center Inc reported income of $171k and spending of $219k, spending 128% of what it took in. Across the 6 years on record, from December 2017 to December 2023, income fell from $174k to $171k (-1.9%), an average of -0.4% a year. The sharpest change came in the year to December 2019, when income rose by 71%. Over the whole period it spent 104% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Martinsville Youth Development Center Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 49th percentile within IN. Charities of a similar size with the same main cause include Go for Yours Foundation ($171k), Inspire Life ($171k) and Stone of Hope Youth ($171k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 3.6% of the total. Other salaries and wages came to $57k. At year end it held assets of $319k against liabilities of $2,135, net assets of $317k. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.