Fostering Youth Independence

Analysis

Fostering Youth Independence is a registered charity in United States, based in Santa Clarita, CA. It received its IRS tax-exemption ruling in April 2017, 9 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 (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, Fostering Youth Independence reported income of $336k and spending of $309k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $260k to $336k (+29%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 81% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Fostering Youth Independence sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Reality Check Inc ($336k), Pathways Core Training Inc ($336k) and Gurls Talk Inc ($336k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $62k (20% of expenses). Other salaries and wages came to $131k. At year end it held assets of $284k against liabilities of $5,767, net assets of $278k. It reported 7 employees.