Youth Empowerment Source Inc

Analysis

Youth Empowerment Source Inc is a registered charity in United States, based in Elkton, MD. It received its IRS tax-exemption ruling in May 2015, 11 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 June 2023, Youth Empowerment Source Inc reported income of $948k and spending of $895k, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $658k to $948k (+44%), an average of +9.5% a year. The sharpest change came in the year to June 2022, when income rose by 31%. Over the whole period it spent 99% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Youth Empowerment Source Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MD. Charities of a similar size with the same main cause include Pro Deo ($948k), Auntie Karen Foundation ($948k) and Girls on the Run of the Rockies ($947k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $42k (4.7% of expenses). Other salaries and wages came to $473k. At year end it held assets of $257k against liabilities of $157k, net assets of $100k. It reported 26 employees.