Point Source Youth Inc

Analysis

Point Source Youth Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 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 December 2023, Point Source Youth Inc reported income of $6.5m and spending of $6.6m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $6.5m (+223%), an average of +34% a year. The sharpest change came in the year to December 2022, when income rose by 82%. Over the whole period it spent 76% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Point Source Youth Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Boys and Girls Club of Dundee Township Inc ($6.5m), Boys Clubs & Girls Clubs of Newport County Inc ($6.6m) and Boys and Girls Club of Santa Monica Inc ($6.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $652k (9.9% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $7.1m against liabilities of $1.1m, net assets of $6.1m. It reported 28 employees.