Texas Network of Youth Services Incorporated

Analysis

Texas Network of Youth Services Incorporated is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in February 1982, 44 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 August 2023, Texas Network of Youth Services Incorporated reported income of $1.6m and spending of $1.8m, spending 112% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $816k to $1.6m (+93%), an average of +18% a year. The sharpest change came in the year to August 2022, when income rose by 61%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Texas Network of Youth Services Incorporated sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Friends of Sellwood Community House ($1.6m), Dunwoody Allied Services Inc ($1.6m) and Ohio MCC Activity Center ($1.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 82% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $134k (7.6% of expenses). Other salaries and wages came to $780k. At year end it held assets of $534k against liabilities of $274k, net assets of $259k. It reported 28 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.