Young Excellence Society Inc

Analysis

Young Excellence Society Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2018, 8 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 2022, Young Excellence Society Inc reported income of $499k and spending of $532k, spending 107% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $192k to $499k (+160%), an average of +38% a year. The sharpest change came in the year to December 2020, when income rose by 75%. Over the whole period it spent 103% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Young Excellence Society Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Fba Academy ($499k), Green Mountain Academy Inc ($499k) and Thinkgive Inc ($499k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 50% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $284k (53% of expenses). At year end it held assets of $3,522 against liabilities of $575k, net assets of -$572k. It reported 19 employees.