Youthbuild Newark Inc

Analysis

Youthbuild Newark Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in February 2006, 20 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 June 2023, Youthbuild Newark Inc reported income of $7.5m and spending of $4.7m, leaving 38% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.5m to $7.5m (+66%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 138%. Over the whole period it spent 80% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Youthbuild Newark Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NJ. Charities of a similar size with the same main cause include Girl Scouts-Spirit of Nebraska ($7.5m), The Sanneh Foundation Inc ($7.5m) and Girl Scouts Heart of the Hudson Inc ($7.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $590k (13% of expenses). Other salaries and wages came to $571k. At year end it held assets of $10.3m against liabilities of $4.8m, net assets of $5.6m. It reported 19 employees.