Youth Business Initiative

Analysis

Youth Business Initiative is a registered charity in United States, based in Norwalk, CT. It received its IRS tax-exemption ruling in July 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 (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, Youth Business Initiative reported income of $398k and spending of $253k, leaving 36% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $151k to $398k (+163%), an average of +163% a year. The sharpest change came in the year to December 2023, when income rose by 163%. Over the whole period it spent 82% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Youth Business Initiative sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within CT. Charities of a similar size with the same main cause include Well Community Youth Center of Waco Inc ($397k), Black Child Development Institute - Atlanta Inc ($398k) and Southlake Baseball Association Inc ($397k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $67k (26% of expenses). Other salaries and wages came to $70k. At year end it held assets of $205k against liabilities of $0, net assets of $205k. It reported 5 employees.