Major League Baseball Youth Foundation

Analysis

Major League Baseball Youth Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2001, 25 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 December 2023, Major League Baseball Youth Foundation reported income of $6.2m and spending of $7.7m, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.0m to $6.2m (-12%), an average of -3.2% a year. The sharpest change came in the year to December 2020, when income dropped by 42%. Over the whole period it spent 104% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Major League Baseball Youth Foundation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Greater Richmond Aquatics Partnership ($6.1m), North American Hockey League ($6.2m) and Kaleidoscope Park Foundation ($6.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $451k (5.8% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $11.3m against liabilities of $615k, net assets of $10.7m. It reported 32 employees.