MV Youth Inc

Analysis

MV Youth Inc is a registered charity in United States, based in Chilmark, MA. It received its IRS tax-exemption ruling in January 2021, 5 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, MV Youth Inc reported income of $2.2m and spending of $2.7m, spending 123% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.8m to $2.2m (+21%), an average of +6.7% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 97% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, MV Youth Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include Ela Soccer Club ($2.2m), Profound Gentlemen Inc ($2.2m) and Hunts Point Alliance for Children ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $88k (3.2% of expenses). At year end it held assets of $6.4m against liabilities of $2.6m, net assets of $3.8m. It reported 1 employees.