Fountain of Youth Program

Analysis

Fountain of Youth Program is a registered charity in United States, based in Dubuque, IA. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover employment, which this site groups under community and economic 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, Fountain of Youth Program reported income of $568k and spending of $411k, leaving 28% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $347k to $568k (+64%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 73% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fountain of Youth Program sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within IA. Charities of a similar size with the same main cause include Alternative Work Concepts Inc ($568k), Ruby M Sisson Memorial Library Foundation ($569k) and Friends of Spannocchia ($568k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $60k (15% of expenses). Other salaries and wages came to $150k. At year end it held assets of $564k against liabilities of $18k, net assets of $546k. It reported 6 employees.