Youthnet

Analysis

Youthnet is a registered charity in United States, based in Mount Vernon, WA. It received its IRS tax-exemption ruling in January 1971, 55 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 August 2023, Youthnet reported income of $3.7m and spending of $3.8m, spending 103% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.1m to $3.7m (+81%), an average of +16% a year. The sharpest change came in the year to August 2020, when income rose by 39%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Youthnet sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WA. Charities of a similar size with the same main cause include Live Oak Adult Day Services ($3.7m), Southeast Asian Maa Coalition Inc ($3.7m) and Safe Haven Adolescent Home ($3.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 3.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $121k (3.2% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $2.8m against liabilities of $991k, net assets of $1.8m. It reported 96 employees.