Own Your Future Outreach Inc

Analysis

Own Your Future Outreach Inc is a registered charity in United States, based in Long Island City, NY. It received its IRS tax-exemption ruling in February 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Own Your Future Outreach Inc reported income of $372k and spending of $607k, spending 163% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $202k to $372k (+84%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 90%. Over the whole period it spent 122% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Own Your Future Outreach Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Big Brothers Big Sisters of Shelby and Darke County ($372k), Friends of Brookings Baseball Inc ($372k) and Verve Lacrosse ($371k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $125k (21% of expenses). Other salaries and wages came to $142k. At year end it held assets of $151k against liabilities of $478k, net assets of -$327k. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.