Mayors Youth Scholarship Program Inc
EIN: 821472875 · Atlanta, GA · NTEE: B82
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $939K |
| Net Assets | $342K |
Is Mayors Youth Scholarship Program Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mayors Youth Scholarship Program Inc
Mayors Youth Scholarship Program Inc (EIN: 821472875) is a nonprofit organization based in Atlanta, GA, classified under NTEE code B82. The organization reported total revenue of $1.4M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mayors Youth Scholarship Program Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mayors Youth Scholarship Program Inc is a mid-size nonprofit that has been operating for 9 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 32.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $911K |
| Total Expenses | $939K |
| Surplus / Deficit | $-27,993 |
| Total Assets | $342K |
| Net Assets | $342K |
| Operating Margin | -3.1% |
| Months of Reserves | 4.4 months |
Financial Health Grade: B
In 2023, Mayors Youth Scholarship Program Inc reported a deficit of $28K with expenses exceeding revenue, holds 4.4 months of operating reserves (adequate).
Financial Trends
Over 7 years of filings (2017–2023), Mayors Youth Scholarship Program Inc's revenue has grown at a compound annual growth rate (CAGR) of 32.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -35.8% | -23.1% | -7.6% |
| 2022 | +142.3% | +65.7% | +112.3% |
| 2021 | -35.4% | -14.7% | +134.2% |
| 2020 | +222.0% | +94.9% | +132.6% |
| 2019 | +4.3% | +160.9% | -85.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mayors Youth Scholarship Program Inc 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 Mayors Youth Scholarship Program Inc 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 deficit of $28K, with expenses exceeding revenue.
Frequently Asked Questions about Mayors Youth Scholarship Program Inc
Is Mayors Youth Scholarship Program Inc a legitimate charity?
Mayors Youth Scholarship Program Inc (EIN: 821472875) is a registered tax-exempt nonprofit based in Georgia. It has 7 years of IRS 990 filings on record. Total revenue: $1.4M. No red flags identified. Financial health grade: B.
How does Mayors Youth Scholarship Program Inc spend its money?
Mayors Youth Scholarship Program Inc reported $1.4M in total revenue in IRS 990 filings. 7 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Mayors Youth Scholarship Program Inc tax-deductible?
Mayors Youth Scholarship Program Inc is registered as a tax-exempt nonprofit (EIN: 821472875). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mayors Youth Scholarship Program Inc located?
Mayors Youth Scholarship Program Inc is headquartered in Atlanta, Georgia and files with the IRS under EIN 821472875. It is classified under NTEE code B82.
How many years of IRS 990 filings does Mayors Youth Scholarship Program Inc have?
Mayors Youth Scholarship Program Inc has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.4M in total revenue.
Filing History
IRS 990 filing history for Mayors Youth Scholarship Program Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Mayors Youth Scholarship Program Inc's revenue has grown by 446.1%, moving from $167K to $911K. Total assets increased by 194.6% over the same period, from $116K to $342K. Total functional expenses rose by 855.5%, from $98K to $939K. In its most recent filing year (2023), Mayors Youth Scholarship Program Inc reported a deficit of $28K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $911K | $939K | $342K | $0 | — | — |
| 2022 | $1.4M | $1.2M | $370K | $0 | — | View 990 |
| 2021 | $585K | $737K | $174K | $0 | — | View 990 |
| 2020 | $907K | $864K | $74K | $0 | — | — |
| 2019 | $282K | $443K | $32K | $0 | — | View 990 |
| 2018 | $270K | $170K | $216K | $0 | — | View 990 |
| 2017 | $167K | $98K | $116K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $911K, expenses of $939K, and assets of $342K (revenue -35.8% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.2M, and assets of $370K (revenue +142.3% year-over-year).
- 2021: Revenue of $585K, expenses of $737K, and assets of $174K (revenue -35.4% year-over-year).
- 2020: Revenue of $907K, expenses of $864K, and assets of $74K (revenue +222.0% year-over-year).
- 2019: Revenue of $282K, expenses of $443K, and assets of $32K (revenue +4.3% year-over-year).
- 2018: Revenue of $270K, expenses of $170K, and assets of $216K (revenue +61.8% year-over-year).
- 2017: Revenue of $167K, expenses of $98K, and assets of $116K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mayors Youth Scholarship Program Inc:
Data Sources and Methodology
This transparency report for Mayors Youth Scholarship Program Inc 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.