Youth Opportunities Unlimited Inc

Analysis

Youth Opportunities Unlimited Inc is a registered charity in United States, based in New Bedford, MA. It received its IRS tax-exemption ruling in April 2004, 22 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Youth Opportunities Unlimited Inc reported income of $621k and spending of $477k, leaving 23% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $386k to $621k (+61%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 100%. Over the whole period it spent 64% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Youth Opportunities Unlimited Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Fayette County Junior Livestock Show Foundation Inc ($620k), Connecting Generations Inc ($622k) and Make Your Mark Global ($620k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $80k (17% of expenses). Other salaries and wages came to $209k. At year end it held assets of $1.1m against liabilities of $45k, net assets of $1.0m. It reported 11 employees.