Mycelium Youth Network

Analysis

Mycelium Youth Network is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in May 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 December 2023, Mycelium Youth Network reported income of $787k and spending of $913k, spending 116% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $328k to $787k (+140%), an average of +55% a year. The sharpest change came in the year to December 2022, when income rose by 102%. Over the whole period it spent 105% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Mycelium Youth Network sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Boys & Girls Clubs of East Central Alabama ($787k), Youth Empowerment Broadcasting Organization ($788k) and Champion Project Inc ($786k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Other salaries and wages came to $523k. At year end it held assets of $537k against liabilities of $553k, net assets of -$16k. It reported 8 employees.