Young Parents United Inc

Analysis

Young Parents United Inc is a registered charity in United States, based in Schenectady, NY. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 January 2024, Young Parents United Inc reported income of $693k and spending of $638k, spending 92% of its income. Across the 4 years on record, from January 2021 to January 2024, income grew from $156k to $693k (+345%), an average of +64% a year. The sharpest change came in the year to January 2022, when income rose by 119%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Young Parents United Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Golden Heart Ranch ($693k), Griffin Center ($693k) and Family Promise of Skagit Valley ($693k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $374k. At year end it held assets of $99k against liabilities of $0, net assets of $99k. It reported 13 employees.