Larosa Youth Development Foundation
EIN: 852916065 · Mckeesport, PA · NTEE: O50
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $244K |
| Net Assets | $177K |
Is Larosa Youth Development Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Larosa Youth Development Foundation
Larosa Youth Development Foundation (EIN: 852916065) is a nonprofit organization based in Mckeesport, PA, classified under NTEE code O50. The organization reported total revenue of $1.4M and total assets of $961K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Larosa Youth Development Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Larosa Youth Development Foundation is a mid-size nonprofit that has been operating for 5 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 9.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $307K |
| Total Expenses | $244K |
| Surplus / Deficit | +$63K |
| Total Assets | $183K |
| Total Liabilities | $6K |
| Net Assets | $177K |
| Operating Margin | 20.5% |
| Debt-to-Asset Ratio | 3.2% |
| Months of Reserves | 9.0 months |
Financial Health Grade: A
In 2023, Larosa Youth Development Foundation reported a surplus of $63K with revenue exceeding expenses, holds 9.0 months of operating reserves (strong position), has a debt-to-asset ratio of 3.2% (very low leverage).
Financial Trends
Over 3 years of filings (2021–2023), Larosa Youth Development Foundation's revenue has grown at a compound annual growth rate (CAGR) of 9.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.7% | -32.9% | +56.2% |
| 2022 | +16.9% | +258.2% | -34.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Larosa Youth Development Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Larosa Youth Development Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $63K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.2%.
Frequently Asked Questions about Larosa Youth Development Foundation
Is Larosa Youth Development Foundation a legitimate charity?
Larosa Youth Development Foundation (EIN: 852916065) is a registered tax-exempt nonprofit based in Pennsylvania. It has 3 years of IRS 990 filings on record. Total revenue: $1.4M. No red flags identified. Financial health grade: A.
How does Larosa Youth Development Foundation spend its money?
Larosa Youth Development Foundation reported $1.4M in total revenue in IRS 990 filings. 3 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Larosa Youth Development Foundation tax-deductible?
Larosa Youth Development Foundation is registered as a tax-exempt nonprofit (EIN: 852916065). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Larosa Youth Development Foundation located?
Larosa Youth Development Foundation is headquartered in Mckeesport, Pennsylvania and files with the IRS under EIN 852916065. It is classified under NTEE code O50.
How many years of IRS 990 filings does Larosa Youth Development Foundation have?
Larosa Youth Development Foundation has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $1.4M in total revenue.
Filing History
IRS 990 filing history for Larosa Youth Development Foundation showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Larosa Youth Development Foundation's revenue has grown by 20.1%, moving from $255K to $307K. Total assets increased by 1.6% over the same period, from $180K to $183K. Total functional expenses rose by 140.3%, from $101K to $244K. In its most recent filing year (2023), Larosa Youth Development Foundation reported a surplus of $63K, with revenue exceeding expenses. The organization holds $6K in liabilities against $183K in assets (debt-to-asset ratio: 3.2%), resulting in net assets of $177K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $307K | $244K | $183K | $6K | — | — |
| 2022 | $299K | $363K | $117K | $3K | — | View 990 |
| 2021 | $255K | $101K | $180K | $958 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $307K, expenses of $244K, and assets of $183K (revenue +2.7% year-over-year).
- 2022: Revenue of $299K, expenses of $363K, and assets of $117K (revenue +16.9% year-over-year).
- 2021: Revenue of $255K, expenses of $101K, and assets of $180K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Larosa Youth Development Foundation:
Data Sources and Methodology
This transparency report for Larosa Youth Development Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.