Youth FX Inc

Analysis

Youth FX Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in January 2017, 9 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Youth FX Inc reported income of $911k and spending of $888k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $559k to $911k (+63%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 121%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Youth FX Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Rockland Conservatory of Music ($911k), Greatnonprofits ($912k) and Lexington Childrens Museum Inc ($911k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 8.3% of the total. Compensation of current officers, directors and key employees was $122k (14% of expenses). Other salaries and wages came to $270k. At year end it held assets of $1.2m against liabilities of $8,244, net assets of $1.2m. It reported 9 employees.