Young Voices

Analysis

Young Voices is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2016, 10 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 May 2024, Young Voices reported income of $2.0m and spending of $1.9m, spending 93% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $479k to $2.0m (+323%), an average of +43% a year. The sharpest change came in the year to May 2022, when income rose by 107%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Young Voices 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 86th percentile, and in the 67th percentile within DC. Charities of a similar size with the same main cause include Thomas Jefferson Academy Inc ($2.0m), Center for Developmental Disabilities of Pike County Ltd ($2.0m) and King County Dispute Resolution Center ($2.0m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $293k (16% of expenses). Other salaries and wages came to $606k. At year end it held assets of $1.3m against liabilities of $32k, net assets of $1.2m. It reported 12 employees.