Time Out Youth

Analysis

Time Out Youth is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in August 1993, 33 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Time Out Youth reported income of $1.3m and spending of $1.5m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $930k to $1.3m (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 105% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Time Out Youth sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include Yeshiva Eitz Chaim of Hillside Inc ($1.3m), Friendshipworks Inc ($1.3m) and Central Jersey Hindu Association ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $118k (7.9% of expenses). Other salaries and wages came to $716k. At year end it held assets of $3.3m against liabilities of $569k, net assets of $2.7m. It reported 15 employees.