Young Storytellers Foundation

Analysis

Young Storytellers Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 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 December 2023, Young Storytellers Foundation reported income of $1.7m and spending of $1.7m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.7m (+56%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 90% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Young Storytellers Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include The Bridge Golf Foundation Inc ($1.7m), Ekisa Ministries International Inc ($1.7m) and Reach Out and Read Colorado ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $137k (8.0% of expenses). Other salaries and wages came to $965k. At year end it held assets of $1.3m against liabilities of $105k, net assets of $1.2m. It reported 27 employees.