Giving Youth a Chance Initiative Inc

Analysis

Giving Youth a Chance Initiative Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in January 2015, 11 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 December 2023, Giving Youth a Chance Initiative Inc reported income of $2.5m and spending of $2.5m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.2m to $2.5m (-22%), an average of -6.1% a year. The sharpest change came in the year to December 2020, when income dropped by 33%. Over the whole period it spent 103% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Giving Youth a Chance Initiative Inc 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 88th percentile, and in the 88th percentile within TN. Charities of a similar size with the same main cause include Outside the Lens ($2.5m), Zebra Youth Inc ($2.5m) and Boys & Girls Club of Northern Neck ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $173k (6.9% of expenses). Other salaries and wages came to $709k. At year end it held assets of $173k against liabilities of $622k, net assets of -$449k. It reported 29 employees.