Ocracoke Youth Center Inc

Analysis

Ocracoke Youth Center Inc is a registered charity in United States, based in Ocracoke, NC. It received its IRS tax-exemption ruling in January 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 (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, Ocracoke Youth Center Inc reported income of $695k and spending of $81k, leaving 88% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $703k to $695k (-1.1%), an average of -0.3% a year. The sharpest change came in the year to December 2023, when income rose by 463%. Over the whole period it spent 21% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Ocracoke Youth Center Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include Boss Inc ($695k), Aggie Swim Club ($695k) and Boys and Girls Club of Nowata Inc ($695k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.0% of the total. At year end it held assets of $2.8m against liabilities of $151, net assets of $2.8m.