Young Audiences of Northeast Texas Inc

Analysis

Young Audiences of Northeast Texas Inc is a registered charity in United States, based in Tyler, TX. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Young Audiences of Northeast Texas Inc reported income of $341k and spending of $334k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $275k to $341k (+24%), an average of +5.5% a year. The sharpest change came in the year to June 2023, when income rose by 23%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Young Audiences of Northeast Texas Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include Holding Hands Resale Shop ($341k), Hornets Nest Sports Club ($341k) and Current Project ($341k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $63k (19% of expenses). Other salaries and wages came to $77k. At year end it held assets of $18k against liabilities of $10k, net assets of $7,576. It reported 7 employees.