Young Center for Academic & Cultural Enrichment

Analysis

Young Center for Academic & Cultural Enrichment is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Young Center for Academic & Cultural Enrichment reported income of $77k and spending of $58k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $32k to $77k (+137%), an average of +137% a year. The sharpest change came in the year to December 2023, when income rose by 137%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Young Center for Academic & Cultural Enrichment sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within CA. Charities of a similar size with the same main cause include Feed the City Inc ($77k), Project Lend a Hand Inc ($77k) and Fundacion Educamos Con Amor Inc ($77k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. At year end it held assets of $64k against liabilities of $0, net assets of $64k.