I-Can Youth Foundation Corporation

Analysis

I-Can Youth Foundation Corporation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 2013, 13 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 (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, I-Can Youth Foundation Corporation reported income of $55k and spending of $39k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $11k to $55k (+389%), an average of +49% a year. The sharpest change came in the year to December 2021, when income rose by 165%. Over the whole period it spent 81% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, I-Can Youth Foundation Corporation sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 23rd percentile within CA. Charities of a similar size with the same main cause include Heart of the City Race ($55k), Chino Police Officers Foundation ($55k) and Camp Fire ($55k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $45k against liabilities of $0, net assets of $45k.