Youthzone

Analysis

Youthzone is a registered charity in United States, based in Glenwood SPGS, CO. It received its IRS tax-exemption ruling in August 1976, 50 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, Youthzone reported income of $1.8m and spending of $1.5m, spending 84% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.2m to $1.8m (+46%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 39%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Youthzone sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within CO. Charities of a similar size with the same main cause include Good Hearts Youth and Familyservices Inc ($1.8m), Cass County Council on Aging Inc ($1.8m) and Salem Childrens Home ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $274k (18% of expenses). Other salaries and wages came to $517k. At year end it held assets of $4.5m against liabilities of $101k, net assets of $4.4m. It reported 19 employees.