Yeoded Inc

Analysis

Yeoded Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in December 2019, 7 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, Yeoded Inc reported income of $3.8m and spending of $3.4m, spending 88% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $647k to $3.8m (+490%), an average of +81% a year. The sharpest change came in the year to December 2021, when income rose by 188%. Over the whole period it spent 92% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Yeoded Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Alliance of Concerned Men ($3.8m), Choose 180 ($3.8m) and Boys and Girls Club of Kennebec Valley ($3.8m).

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 $887k against liabilities of $252k, net assets of $634k.