Devils Youth Foundation Inc

Analysis

Devils Youth Foundation Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in January 2018, 8 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, Devils Youth Foundation Inc reported income of $1.4m and spending of $1.3m, spending 93% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $448k to $1.4m (+217%), an average of +78% a year. The sharpest change came in the year to December 2022, when income rose by 171%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Devils Youth Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within NJ. Charities of a similar size with the same main cause include Idaho Falls Arts Council Inc ($1.4m), Merrie Monarch Festival ($1.4m) and Rootead Enrichment Center ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% of the total. Compensation of current officers, directors and key employees was $194k (15% of expenses). Other salaries and wages came to $58k. At year end it held assets of $1.0m against liabilities of $230k, net assets of $795k.