Youth Entrepreneurs Inc

Analysis

Youth Entrepreneurs Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Youth Entrepreneurs Inc reported income of $4.0m and spending of $6.9m, spending 173% of what it took in. Across the 6 years on record, from May 2020 to December 2023, income fell from $8.8m to $4.0m (-54%), an average of -15% a year. The sharpest change came in the year to May 2022, when income rose by 60%. Over the whole period it spent 135% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Youth Entrepreneurs Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within KS. Charities of a similar size with the same main cause include Lorain County Community College Foundation ($4.0m), Savant Preparatory Academy Inc ($4.0m) and Flex High School Inc ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $348k (5.0% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $2.9m against liabilities of $1.4m, net assets of $1.5m. It reported 33 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.