The Forum for Youth Investment

Analysis

The Forum for Youth Investment is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, The Forum for Youth Investment reported income of $8.1m and spending of $9.4m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $12.0m to $8.1m (-33%), an average of -9.4% a year. The sharpest change came in the year to June 2021, when income dropped by 40%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Forum for Youth Investment 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 94th percentile, and in the 85th percentile within DC. Charities of a similar size with the same main cause include Cal Poly Pomona Philanthropic Foundation ($8.0m), Momsrising Education Fund ($8.1m) and Fargo-Moorhead Area Foundation Corporation ($8.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $678k (7.2% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $6.0m against liabilities of $892k, net assets of $5.1m. It reported 72 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.