Volunteers for Youth Inc

Analysis

Volunteers for Youth Inc is a registered charity in United States, based in Carrboro, NC. It received its IRS tax-exemption ruling in March 1982, 44 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 June 2023, Volunteers for Youth Inc reported income of $314k and spending of $322k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $285k to $314k (+10%), an average of +2.5% a year. The sharpest change came in the year to June 2021, when income rose by 20%. Over the whole period it spent 97% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Volunteers for Youth Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within NC. Charities of a similar size with the same main cause include Girls on the Run of Central Illinois ($314k), US Center for Civic Engagement Inc ($314k) and Youthbase Inc ($314k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $59k (18% of expenses). Other salaries and wages came to $155k. At year end it held assets of $127k against liabilities of $70k, net assets of $57k. It reported 5 employees.