Pico Youth & Family Center

Analysis

Pico Youth & Family Center is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in August 2003, 23 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, Pico Youth & Family Center reported income of $192k and spending of $286k, spending 149% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $189k to $192k (+1.7%), an average of +0.4% a year. The sharpest change came in the year to June 2023, when income rose by 41%. Over the whole period it spent 172% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Pico Youth & Family Center sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Scholastic Talent Showcase Inc ($192k), Concord School Parent Teacher Organization ($192k) and Passport Atlanta Inc ($192k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $59k (21% of expenses). At year end it held assets of $841k against liabilities of $1,324, net assets of $839k. It reported 2 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.