Yard Foundation Inc

Analysis

Yard Foundation Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Yard Foundation Inc reported income of $1.4m and spending of $1.4m, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $307k to $1.4m (+357%), an average of +357% a year. The sharpest change came in the year to December 2023, when income rose by 357%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Yard Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within IL. Charities of a similar size with the same main cause include Love & Care Ministries ($1.4m), Joy Center Learning Center ($1.4m) and Young Mens Christian Assn of Uniontown ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.8% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $19k (1.4% of expenses). At year end it held assets of $59k against liabilities of $1,827, net assets of $57k. It reported 1 employees.