Service Year Exchange Inc

Analysis

Service Year Exchange Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 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, Service Year Exchange Inc reported income of $3.6m and spending of $3.4m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $3.6m (+64%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 183%. Over the whole period it spent 95% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Service Year Exchange Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 76th percentile within DC. Charities of a similar size with the same main cause include Frandelja Enrichment Childrens Program ($3.6m), Boys & Girls Clubs in Tennessee ($3.6m) and Wild Souls Ranch ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $587k (17% of expenses). Other salaries and wages came to $761k. At year end it held assets of $4.6m against liabilities of $521k, net assets of $4.1m. It reported 13 employees.