Young Nonprofit Foundation Inc

Analysis

Young Nonprofit Foundation Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Young Nonprofit Foundation Inc reported income of $1.2m and spending of $1.3m, spending 105% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $588k to $1.2m (+105%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 46%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Young Nonprofit Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within KY. Charities of a similar size with the same main cause include Gentrys Educational Foundation ($1.2m), Caloosa Humane Society Inc ($1.2m) and Great Basin College Foundation ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $293k (23% of expenses). Other salaries and wages came to $594k. It paid $18k in professional fundraising fees. At year end it held assets of $657k against liabilities of $496k, net assets of $161k. It reported 20 employees.