Preston County Youth Center Incorporated

Analysis

Preston County Youth Center Incorporated is a registered charity in United States, based in Reedsville, WV. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 June 2022, Preston County Youth Center Incorporated reported income of $705k and spending of $61k, leaving 91% of income unspent that year. Across the 3 years on record, from June 2020 to June 2022, income grew from $695k to $705k (+1.3%), an average of +0.6% a year. The sharpest change came in the year to June 2022, when income rose by 218%. Over the whole period it spent 4.3% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Preston County Youth Center Incorporated 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 75th percentile, and in the 73rd percentile within WV. Charities of a similar size with the same main cause include Building Futures ($705k), Blind-Visually Impaired Early Services of Tennessee ($705k) and For the Future Inc ($704k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 98% and program service revenue 0.3% of the total. Other salaries and wages came to $2,174. At year end it held assets of $1.6m against liabilities of $1,019, net assets of $1.6m.