Child and Youth Development Center My Way Inc

Analysis

Child and Youth Development Center My Way Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 2015, 11 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 May 2024, Child and Youth Development Center My Way Inc reported income of $197k and spending of $176k, spending 90% of its income. Across the 2 years on record, from May 2023 to May 2024, income grew from $181k to $197k (+8.4%), an average of +8.4% a year. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Child and Youth Development Center My Way Inc sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Daytons Bluff Construction Training Center ($197k), Dignitas Project ($197k) and Haddon Township Equity Initiative ($196k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $40k against liabilities of $0, net assets of $40k.