Youth Marine Foundation

Analysis

Youth Marine Foundation is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in September 1992, 34 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, Youth Marine Foundation reported income of $1.4m and spending of $738k, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $429k to $1.4m (+233%), an average of +35% a year. The sharpest change came in the year to December 2022, when income rose by 229%. Over the whole period it spent 44% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Youth Marine Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within WA. Charities of a similar size with the same main cause include Chicano & Latino Youth Leadership Project ($1.4m), Worcester Youth Center Inc ($1.4m) and Red Pine Camp Foundation Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 9.7% of the total. Compensation of current officers, directors and key employees was $93k (13% of expenses). Other salaries and wages came to $163k. At year end it held assets of $3.9m against liabilities of $188k, net assets of $3.7m.