42strong

Analysis

42strong is a registered charity in United States, based in Oxford, MI. It received its IRS tax-exemption ruling in February 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 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, 42strong reported income of $258k and spending of $194k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $376k to $258k (-31%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 43% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, 42strong sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within MI. Charities of a similar size with the same main cause include Fayette County Cooperative Extension District ($258k), Senior Bowl Charities Inc ($258k) and Kyle Hyland Foundation for Teen Support ($258k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% of the total. At year end it held assets of $392k against liabilities of $11k, net assets of $381k.