Young Caring for Our Young Inc

Analysis

Young Caring for Our Young Inc is a registered charity in United States, based in Layton, UT. It received its IRS tax-exemption ruling in November 2000, 26 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, Young Caring for Our Young Inc reported income of $932k and spending of $1.2m, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $263k to $932k (+254%), an average of +37% a year. The sharpest change came in the year to December 2020, when income rose by 145%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Young Caring for Our Young Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within UT. Charities of a similar size with the same main cause include York Community Service Association ($932k), Homes for Children Foundation ($932k) and Marion Gerrish Community Center Inc ($932k).

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 $55k (4.4% of expenses). Other salaries and wages came to $8,341. At year end it held assets of $560k against liabilities of $12k, net assets of $547k.