Youth Empowerment for Advancement Hangout

Analysis

Youth Empowerment for Advancement Hangout is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 2019, 7 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, Youth Empowerment for Advancement Hangout reported income of $2.0m and spending of $2.1m, spending 104% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $300k to $2.0m (+578%), an average of +89% a year. The sharpest change came in the year to December 2021, when income rose by 229%. Over the whole period it spent 90% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Youth Empowerment for Advancement Hangout sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include Placer United Soccer Club ($2.0m), In the City Camp Inc ($2.0m) and Boys & Girls Club of Erie Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $184k (8.7% of expenses). Other salaries and wages came to $492k. At year end it held assets of $2.3m against liabilities of $873k, net assets of $1.4m. It reported 24 employees.