Prominent Youth of America

Analysis

Prominent Youth of America is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Prominent Youth of America reported income of $83k and spending of $85k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $101k to $83k (-18%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Prominent Youth of America sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within KY. Charities of a similar size with the same main cause include Boys and Girls Club of Mission Inc ($83k), Indianapolis Cars and Coffee Inc ($83k) and CBM Ministries of MD ($83k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. At year end it held assets of $4,554 against liabilities of $0, net assets of $4,554.