Too Young to Wed

Analysis

Too Young to Wed is a registered charity in United States, based in Peekskill, NY. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Too Young to Wed reported income of $1.5m and spending of $1.7m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $299k to $1.5m (+408%), an average of +50% a year. The sharpest change came in the year to December 2021, when income rose by 646%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Too Young to Wed sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Foundation for Earth Science Information Partners ($1.5m), The Frida Cinema ($1.5m) and Houston Center for Contemporary Craft ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $147k (8.8% of expenses). Other salaries and wages came to $226k. At year end it held assets of $2.1m against liabilities of $116k, net assets of $2.0m. It reported 5 employees.