New Avenues for Youth Inc

Analysis

New Avenues for Youth Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in July 1992, 34 years ago. 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 June 2023, New Avenues for Youth Inc reported income of $12.9m and spending of $14.4m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.3m to $12.9m (+14%), an average of +3.3% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Avenues for Youth Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within OR. Charities of a similar size with the same main cause include Mercy Hospital Paris ($12.9m), Alston Wilkes Society ($12.9m) and Nativity School of Worcester Inc ($12.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $355k (2.5% of expenses). Other salaries and wages came to $7.9m. At year end it held assets of $17.9m against liabilities of $4.2m, net assets of $13.7m. It reported 295 employees.