Mankato Youth Place Inc

Analysis

Mankato Youth Place Inc is a registered charity in United States, based in Mankato, MN. It received its IRS tax-exemption ruling in February 2020, 6 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 December 2023, Mankato Youth Place Inc reported income of $3.3m and spending of $770k, leaving 77% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $97k to $3.3m (+3325%), an average of +142% a year. The sharpest change came in the year to December 2020, when income rose by 371%. Over the whole period it spent 40% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mankato Youth Place Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MN. Charities of a similar size with the same main cause include Britten School ($3.3m), Thriftology Inc ($3.3m) and Young Mens Christian Association ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $92k (12% of expenses). Other salaries and wages came to $219k. At year end it held assets of $6.4m against liabilities of $2.7m, net assets of $3.7m. It reported 29 employees.