Spirit of Youth

Analysis

Spirit of Youth is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in January 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Spirit of Youth reported income of $457k and spending of $489k, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $434k to $457k (+5.3%), an average of +1.3% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Spirit of Youth sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within AK. Charities of a similar size with the same main cause include River City Fellowship Christian School ($457k), Kenyan Kids Foundation ($457k) and Cuyahoga Valley Christian Academy Endowment Fund ($457k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 8.3% of the total. Compensation of current officers, directors and key employees was $76k (15% of expenses). Other salaries and wages came to $60k. At year end it held assets of $137k against liabilities of $82k, net assets of $55k. It reported 2 employees.