Young at Art of Broward Inc

Analysis

Young at Art of Broward Inc is a registered charity in United States, based in Plantation, FL. It received its IRS tax-exemption ruling in March 1988, 38 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 May 2024, Young at Art of Broward Inc reported income of $797k and spending of $992k, spending 124% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income fell from $2.5m to $797k (-68%), an average of -25% a year. The sharpest change came in the year to May 2021, when income dropped by 181%. Over the whole period it spent 177% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Young at Art of Broward Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include New Reno Little Theater ($797k), Culture Mill Inc ($797k) and Success at Work Inc ($797k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 56% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $88k (8.9% of expenses). Other salaries and wages came to $496k. At year end it held assets of $1.2m against liabilities of $22k, net assets of $1.2m. It reported 44 employees.