Youth for Tomorrow New Life Center Inc

Analysis

Youth for Tomorrow New Life Center Inc is a registered charity in United States, based in Bristow, VA. It received its IRS tax-exemption ruling in May 1984, 42 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 for Tomorrow New Life Center Inc reported income of $45.4m and spending of $44.4m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $30.1m to $45.4m (+51%), an average of +11% a year. The sharpest change came in the year to June 2020, when income rose by 32%. Over the whole period it spent 96% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Youth for Tomorrow New Life Center Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within VA. Charities of a similar size with the same main cause include Boys & Girls Club of Windsor Foundation ($41.2m), Alternative Education Academy ($46.4m) and Bnai Brith Youth Organization Inc ($41.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $3.2m (7.2% of expenses). Other salaries and wages came to $23.9m. At year end it held assets of $23.6m against liabilities of $17.7m, net assets of $5.9m. It reported 482 employees.