Young Philosophers Society Inc

Analysis

Young Philosophers Society Inc is a registered charity in United States, based in Shalimar, FL. It received its IRS tax-exemption ruling in February 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, Young Philosophers Society Inc reported income of $686k and spending of $670k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $118k to $686k (+481%), an average of +55% a year. The sharpest change came in the year to December 2020, when income rose by 214%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Young Philosophers Society Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include Imprints of Honor ($686k), Velocity Dance Center ($686k) and Syracuse Jazzfest Production Inc ($686k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. Other salaries and wages came to $485k. At year end it held assets of $20k against liabilities of $58k, net assets of -$39k. It reported 13 employees.