Optimist Volunteers for Youth Inc

Analysis

Optimist Volunteers for Youth Inc is a registered charity in United States, based in San Gregorio, CA. It received its IRS tax-exemption ruling in May 1959, 67 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 November 2023, Optimist Volunteers for Youth Inc reported income of $473k and spending of $541k, spending 114% of what it took in. Across the 5 years on record, from November 2019 to November 2023, income grew from $466k to $473k (+1.4%), an average of +0.4% a year. The sharpest change came in the year to November 2022, when income rose by 98%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Optimist Volunteers for Youth Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include El Grupo Youth Cycling ($473k), Bill George Youth Football League Inc ($473k) and Luke 5 Adventures Inc ($473k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 2.9% and program service revenue 95% of the total. Other salaries and wages came to $231k. At year end it held assets of $891k against liabilities of $0, net assets of $891k. It reported 25 employees.