Teen Warehouse Inc

Analysis

Teen Warehouse Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in May 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 2023, Teen Warehouse Inc reported income of $2.8m and spending of $2.4m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.8m (+101%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 152%. Over the whole period it spent 68% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Teen Warehouse Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within DE. Charities of a similar size with the same main cause include Boys and Girls Club of Pasadena ($2.8m), Freedom School Partners Inc ($2.8m) and Boys and Girls Clubs of Canyon County Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $186k (7.6% of expenses). Other salaries and wages came to $894k. At year end it held assets of $9.4m against liabilities of $648k, net assets of $8.7m. It reported 178 employees.