Young Tracks Inc

Analysis

Young Tracks Inc is a registered charity in United States, based in Steamboat SPR, CO. It received its IRS tax-exemption ruling in November 1990, 36 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Young Tracks Inc reported income of $1.5m and spending of $1.7m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.5m (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Young Tracks Inc 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 84th percentile, and in the 83rd percentile within CO. Charities of a similar size with the same main cause include The Human Impact ($1.5m), Northland Hospice and Palliative Care Inc ($1.5m) and Roads to Independence ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $98k (5.7% of expenses). Other salaries and wages came to $937k. At year end it held assets of $1.1m against liabilities of $1.0m, net assets of $48k. It reported 36 employees.