Center for the Innovative Training of Youth Inc

Analysis

Center for the Innovative Training of Youth Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in March 2014, 12 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 2022, Center for the Innovative Training of Youth Inc reported income of $4.6m and spending of $4.8m, spending 104% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.3m to $4.6m (+241%), an average of +50% a year. The sharpest change came in the year to December 2021, when income rose by 142%. Over the whole period it spent 90% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Center for the Innovative Training of Youth Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within LA. Charities of a similar size with the same main cause include Source of Spokane ($4.6m), The Painted Turtle ($4.6m) and Campesinos Sin Fronteras ($4.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 67% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $450k (9.4% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $3.4m against liabilities of $242k, net assets of $3.2m. It reported 79 employees.