City Youth Matrix Corp

Analysis

City Youth Matrix Corp is a registered charity in United States, based in New Market, MD. It received its IRS tax-exemption ruling in June 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, City Youth Matrix Corp reported income of $226k and spending of $206k, spending 91% of its income. Across the 5 years on record, from December 2020 to June 2024, income grew from $205k to $226k (+10%), an average of +2.5% a year. The sharpest change came in the year to June 2022, when income rose by 116%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, City Youth Matrix Corp sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within MD. Charities of a similar size with the same main cause include Issachar Learning Center ($226k), Spring Knolls Cooperative Nursery School ($226k) and Highlands Pre Schools Assoc ($226k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $18k (8.8% of expenses). Other salaries and wages came to $14k. At year end it held assets of $86k against liabilities of $1,782, net assets of $84k. It reported 3 employees.