Central Area Youth Association

Analysis

Central Area Youth Association is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in December 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Central Area Youth Association reported income of $160k and spending of $174k, spending 109% of what it took in. Across the 5 years on record, from December 2017 to December 2023, income grew from $91k to $160k (+75%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 197%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Central Area Youth Association sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 45th percentile within WA. Charities of a similar size with the same main cause include Astrobotic Foundation ($160k), Rutland Area Art Association ($160k) and Treffpunkt Inc ($160k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.8% of the total. Compensation of current officers, directors and key employees was $15k (8.7% of expenses). Other salaries and wages came to $44k. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.