Y2y Network

Analysis

Y2y Network is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in August 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 June 2023, Y2y Network reported income of $1.6m and spending of $988k, leaving 37% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.5m to $1.6m (+2.6%), an average of +0.9% a year. The sharpest change came in the year to June 2022, when income dropped by 45%. Over the whole period it spent 78% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Y2y Network sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MA. Charities of a similar size with the same main cause include Sharks Foundation ($1.6m), The Pearl House Inc ($1.6m) and Reaching Our Community Kids ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $556k (56% of expenses). At year end it held assets of $2.3m against liabilities of $69k, net assets of $2.3m. It reported 40 employees.