Yap Community Action Program Yapcap

Analysis

Yap Community Action Program Yapcap is a registered charity in United States, based in Yap, FM. It received its IRS tax-exemption ruling in March 1983, 43 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Yap Community Action Program Yapcap reported income of $521k and spending of $373k, leaving 28% of income unspent that year. Across the 4 years on record, from September 2019 to September 2023, income grew from $329k to $521k (+58%), an average of +17% a year. The sharpest change came in the year to September 2022, when income rose by 93%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Yap Community Action Program Yapcap sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 50th percentile within FM. Charities of a similar size with the same main cause include Northfield Community Nursery School ($521k), National Church Residences of ($522k) and Marshfield Community Television Inc ($521k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $176k (47% of expenses). At year end it held assets of $3.0m against liabilities of $21k, net assets of $3.0m. It reported 14 employees.