Young Entrepreneurs Organization

Analysis

Young Entrepreneurs Organization is a registered charity in United States, based in Flemington, NJ. It received its IRS tax-exemption ruling in November 2021, 5 years ago. 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, Young Entrepreneurs Organization reported income of $505k and spending of $568k, spending 112% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $524k to $505k (-3.6%), an average of -1.2% a year. The sharpest change came in the year to June 2021, when income dropped by 21%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Young Entrepreneurs Organization sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 75th percentile within NJ. Charities of a similar size with the same main cause include Greater Seattle Bureau of Fearless Ideas ($505k), Mechanicville District Public Library ($505k) and Bhi Outlet ($505k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $93k (16% of expenses). At year end it held assets of $555k against liabilities of $24k, net assets of $531k. It reported 2 employees.