New Breed of Youth Mentoring Program Inc

Analysis

New Breed of Youth Mentoring Program Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in July 2021, 5 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Breed of Youth Mentoring Program Inc reported income of $1.1m and spending of $1.1m, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $640k to $1.1m (+78%), an average of +78% a year. The sharpest change came in the year to December 2023, when income rose by 78%. Over the whole period it spent 98% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, New Breed of Youth Mentoring Program Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within IN. Charities of a similar size with the same main cause include Starfish Inc ($1.1m), Big Brothers Big Sisters of Ventura County Inc ($1.1m) and Navy Youth Hockey Association Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $146k (14% of expenses). At year end it held assets of $52k against liabilities of $0, net assets of $52k.