Urban Youth Legacy Foundation Inc

Analysis

Urban Youth Legacy Foundation Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Urban Youth Legacy Foundation Inc reported income of $288k and spending of $273k, spending 94% of its income. Across the 2 years on record, from August 2022 to August 2023, income fell from $680k to $288k (-58%), an average of -58% a year. The sharpest change came in the year to August 2023, when income dropped by 58%. Over the whole period it spent 46% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Urban Youth Legacy Foundation Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within FL. Charities of a similar size with the same main cause include Stockton Youth Soccer Association ($288k), Utopia Resource Center Greater Ny Inc ($289k) and Bountiful Beginnings ($288k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $158k (58% of expenses). At year end it held assets of $586k against liabilities of $4,848, net assets of $582k. It reported 1 employees.