Friends of The@young Audiences Charter Association

Analysis

Friends of The@young Audiences Charter Association is a registered charity in United States, based in Gretna, LA. 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 supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of The@young Audiences Charter Association reported income of $1.5m and spending of $2.0m, spending 133% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $5,240 to $1.5m (+28755%), an average of +312% a year. The sharpest change came in the year to June 2021, when income rose by 12345%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of The@young Audiences Charter Association sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within LA. Charities of a similar size with the same main cause include Wned Foundation Inc ($1.5m), Migdal Bais Yaakov Inc ($1.5m) and Uboratz Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 102% of the total. At year end it held assets of $25.5m against liabilities of $25.7m, net assets of -$183k.