Rock Springs Young at Heart

Analysis

Rock Springs Young at Heart is a registered charity in United States, based in Rock Springs, WY. It received its IRS tax-exemption ruling in June 1975, 51 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Rock Springs Young at Heart reported income of $2.8m and spending of $2.4m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $2.8m (+67%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 57%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rock Springs Young at Heart sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 93rd percentile within WY. Charities of a similar size with the same main cause include Young Mens Christian Association of Southeast Texas ($2.8m), Annie Malone Children and Family Service Center ($2.8m) and Filipino Community of Seattle Senior Services ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $43k (1.8% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.0m against liabilities of -$12k, net assets of $1.0m. It reported 40 employees.