Youth Development Inc

Analysis

Youth Development Inc is a registered charity in United States, based in Albuquerque, NM. 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, Youth Development Inc reported income of $32.0m and spending of $30.9m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $23.3m to $32.0m (+38%), an average of +8.3% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Youth Development Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within NM. Charities of a similar size with the same main cause include Marrakech Housing Options Inc ($32.0m), Mercy Drive Inc ($32.0m) and Central Oklahoma United Methodist Retirement Facility Inc ($31.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $299k (1.0% of expenses). Other salaries and wages came to $17.1m. At year end it held assets of $9.9m against liabilities of $5.9m, net assets of $4.0m. It reported 845 employees.