Time Out Youth
EIN: 561755564 · Charlotte, NC · NTEE: X20Z
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $1.5M |
| Net Assets | $2.7M |
Is Time Out Youth Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Time Out Youth
Time Out Youth (EIN: 561755564) is a nonprofit organization based in Charlotte, NC, classified under NTEE code X20Z. The organization reported total revenue of $1.6M and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Time Out Youth's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Time Out Youth is a mid-size nonprofit that has been operating for 33 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.5M |
| Surplus / Deficit | $-163,870 |
| Total Assets | $3.3M |
| Total Liabilities | $569K |
| Net Assets | $2.7M |
| Operating Margin | -12.3% |
| Debt-to-Asset Ratio | 17.2% |
| Months of Reserves | 26.5 months |
Financial Health Grade: B
In 2023, Time Out Youth reported a deficit of $164K with expenses exceeding revenue, holds 26.5 months of operating reserves (strong position), has a debt-to-asset ratio of 17.2% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Time Out Youth's revenue has grown at a compound annual growth rate (CAGR) of 16.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +40.5% | +13.5% | -2.9% |
| 2022 | -18.2% | +21.1% | -13.3% |
| 2021 | +11.8% | +21.9% | +2.7% |
| 2020 | +11.7% | +2.8% | +5.2% |
| 2019 | -16.1% | +3.4% | +2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Time Out Youth 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 Time Out Youth 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 $164K, with expenses exceeding revenue.
- Debt-to-asset ratio: 17.2%.
Frequently Asked Questions about Time Out Youth
Is Time Out Youth a legitimate charity?
Based on AI analysis of IRS 990 filings, Time Out Youth (EIN: 561755564) insufficient data. 0 red flags identified, 0 strengths noted.
How does Time Out Youth spend its money?
Detailed spending breakdown data is not yet available for Time Out Youth. Check back for updated IRS 990 analysis.
Are donations to Time Out Youth tax-deductible?
Time Out Youth is registered as a tax-exempt nonprofit (EIN: 561755564). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Time Out Youth located?
Time Out Youth is headquartered in Charlotte, North Carolina and files with the IRS under EIN 561755564. It is classified under NTEE code X20Z.
How many years of IRS 990 filings does Time Out Youth have?
Time Out Youth has 14 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 $1.6M in total revenue.
Filing History
IRS 990 filing history for Time Out Youth showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Time Out Youth's revenue has grown by 520.8%, moving from $215K to $1.3M. Total assets increased by 2131.5% over the same period, from $148K to $3.3M. Total functional expenses rose by 929.3%, from $146K to $1.5M. In its most recent filing year (2023), Time Out Youth reported a deficit of $164K, with expenses exceeding revenue. The organization holds $569K in liabilities against $3.3M in assets (debt-to-asset ratio: 17.2%), resulting in net assets of $2.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.5M | $3.3M | $569K | — | — |
| 2022 | $951K | $1.3M | $3.4M | $595K | — | View 990 |
| 2021 | $1.2M | $1.1M | $3.9M | $649K | — | View 990 |
| 2020 | $1.0M | $895K | $3.8M | $656K | — | View 990 |
| 2019 | $930K | $871K | $3.6M | $683K | — | View 990 |
| 2018 | $1.1M | $842K | $3.6M | $666K | — | View 990 |
| 2017 | $2.7M | $734K | $3.3M | $697K | — | — |
| 2016 | $861K | $510K | $1.4M | $725K | — | View 990 |
| 2015 | $504K | $431K | $381K | $40K | — | View 990 |
| 2014 | $322K | $325K | $279K | $12K | — | View 990 |
| 2013 | $319K | $254K | $279K | $9K | — | View 990 |
| 2012 | $93K | $63K | $213K | $7K | — | View 990 |
| 2012 | $211K | $177K | $184K | $8K | — | View 990 |
| 2011 | $215K | $146K | $148K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.5M, and assets of $3.3M (revenue +40.5% year-over-year).
- 2022: Revenue of $951K, expenses of $1.3M, and assets of $3.4M (revenue -18.2% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.1M, and assets of $3.9M (revenue +11.8% year-over-year).
- 2020: Revenue of $1.0M, expenses of $895K, and assets of $3.8M (revenue +11.7% year-over-year).
- 2019: Revenue of $930K, expenses of $871K, and assets of $3.6M (revenue -16.1% year-over-year).
- 2018: Revenue of $1.1M, expenses of $842K, and assets of $3.6M (revenue -58.5% year-over-year).
- 2017: Revenue of $2.7M, expenses of $734K, and assets of $3.3M (revenue +210.6% year-over-year).
- 2016: Revenue of $861K, expenses of $510K, and assets of $1.4M (revenue +70.8% year-over-year).
- 2015: Revenue of $504K, expenses of $431K, and assets of $381K (revenue +56.5% year-over-year).
- 2014: Revenue of $322K, expenses of $325K, and assets of $279K (revenue +1.0% year-over-year).
- 2013: Revenue of $319K, expenses of $254K, and assets of $279K (revenue +243.6% year-over-year).
- 2012: Revenue of $93K, expenses of $63K, and assets of $213K (revenue -56.0% year-over-year).
- 2012: Revenue of $211K, expenses of $177K, and assets of $184K (revenue -1.9% year-over-year).
- 2011: Revenue of $215K, expenses of $146K, and assets of $148K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Time Out Youth:
Data Sources and Methodology
This transparency report for Time Out Youth 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.