Network for Young Adult Success

Analysis

Network for Young Adult Success is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Network for Young Adult Success reported income of $1.0m and spending of $1.1m, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $848k to $1.0m (+23%), an average of +7.2% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Network for Young Adult Success sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within IL. Charities of a similar size with the same main cause include Farm on Foundation Inc ($1.0m), Association of Inspectors General ($1.0m) and Arihanta Institute ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Other salaries and wages came to $479k. At year end it held assets of $501k against liabilities of $39k, net assets of $462k. It reported 11 employees.