Youth Life Foundation of Richmond

Analysis

Youth Life Foundation of Richmond is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in August 2019, 7 years ago. 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 August 2023, Youth Life Foundation of Richmond reported income of $691k and spending of $518k, leaving 25% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $522k to $691k (+32%), an average of +7.2% a year. The sharpest change came in the year to August 2021, when income rose by 52%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Youth Life Foundation of Richmond sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within VA. Charities of a similar size with the same main cause include Shepard Meadows Equestrian Center Inc ($690k), Big Brothers-Big Sisters of the Bluegrass Inc ($691k) and The Hudson Valley Writers Center Inc ($690k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 106% of the total. Compensation of current officers, directors and key employees was $35k (6.8% of expenses). At year end it held assets of $512k against liabilities of $20k, net assets of $492k. It reported 25 employees.