Yokefellow Service Center

Analysis

Yokefellow Service Center is a registered charity in United States, based in Spindale, NC. It received its IRS tax-exemption ruling in November 1975, 51 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Yokefellow Service Center reported income of $534k and spending of $422k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $579k to $534k (-7.8%), an average of -2.0% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Yokefellow Service Center sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within NC. Charities of a similar size with the same main cause include St Nicks Kids Inc ($534k), Dinners for Kids Inc ($534k) and Wexford Plantation Charitable Foundation ($534k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $57k (14% of expenses). Other salaries and wages came to $105k. At year end it held assets of $364k against liabilities of $56k, net assets of $308k. It reported 9 employees.