Young Family Charitable Foundation
Young Family Charitable Foundation faces significant and sustained operational deficits, drawing down assets.
EIN: 136976453 · New Canaan, CT · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.5M |
| Total Expenses | $2.0M |
| Program Spending | 80% |
| Net Assets | $3.0M |
| Transparency Score | 55/100 |
Is Young Family Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Young Family Charitable Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Young Family Charitable Foundation
Young Family Charitable Foundation (EIN: 136976453) is a nonprofit organization based in New Canaan, CT. The organization reported total revenue of $10.5M and total assets of $12.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Young Family Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Young Family Charitable Foundation is a large nonprofit that has been operating for 33 years, with 9 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 21.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $37K |
| Total Expenses | $2.0M |
| Surplus / Deficit | $-1,919,172 |
| Total Assets | $3.0M |
| Total Liabilities | $1 |
| Net Assets | $3.0M |
| Operating Margin | -5120.2% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 18.6 months |
Financial Health Grade: B
In 2024, Young Family Charitable Foundation reported a deficit of $1.9M with expenses exceeding revenue, holds 18.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2024), Young Family Charitable Foundation's revenue has grown at a compound annual growth rate (CAGR) of 21.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -56.7% | -21.1% | -35.0% |
| 2023 | -98.0% | +32.5% | -34.9% |
| 2022 | +21.5% | +37.7% | +13.4% |
| 2021 | -49.5% | -45.7% | +12.8% |
| 2020 | +245.9% | +69.2% | +262.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Young Family Charitable Foundation with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Young Family Charitable Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.9M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no executive salaries are paid, which is a positive sign for donor funds being directed elsewhere.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Young Family Charitable Foundation's IRS 990 filings:
- Consistent and significant operational deficits (expenses far exceeding revenue in recent years, e.g., 2024 and 2023).
- Declining asset base, from $7,154,794 in 2022 to $3,030,421 in 2024, indicating unsustainable spending.
- Highly volatile revenue streams, with sharp drops from 2022 to 2024, making financial planning challenging.
Strengths
The following positive indicators were identified for Young Family Charitable Foundation:
- Zero officer compensation reported across all filings, indicating good stewardship regarding executive pay.
- Long filing history (9 filings), suggesting consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Young Family Charitable Foundation
Is Young Family Charitable Foundation a legitimate charity?
Young Family Charitable Foundation (EIN: 136976453) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 55/100. It has 9 years of IRS 990 filings on record. Total revenue: $10.5M. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Young Family Charitable Foundation spend its money?
Young Family Charitable Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Young Family Charitable Foundation tax-deductible?
Young Family Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 136976453). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Young Family Charitable Foundation's spending goes to programs?
Young Family Charitable Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Young Family Charitable Foundation located?
Young Family Charitable Foundation is headquartered in New Canaan, Connecticut and files with the IRS under EIN 136976453.
How many years of IRS 990 filings does Young Family Charitable Foundation have?
Young Family Charitable Foundation has 9 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 $10.5M in total revenue.
Is Young Family Charitable Foundation a good charity?
The foundation's financial health is concerning due to consistent deficits where expenses significantly exceed revenue in recent years (e.g., $1,956,654 expenses vs. $37,482 revenue in 2024). While it reports no officer compensation, the declining asset base ($7,154,794 in 2022 to $3,030,421 in 2024) suggests a need for caution regarding its long-term sustainability.
Why are expenses consistently higher than revenue?
The provided data shows a consistent pattern of expenses exceeding revenue, particularly in the most recent filings (e.g., 2024 and 2023). This indicates the foundation is spending more than it brings in, likely by drawing from its accumulated assets or prior year's larger revenues.
What caused the significant drop in revenue from 2022 to 2024?
Revenue dropped sharply from $4,302,859 in 2022 to $86,554 in 2023 and further to $37,482 in 2024. The specific reasons for this decline are not detailed in the provided data but could be due to a decrease in donations, investment income, or other funding sources.
How does the foundation fund its operations with such low revenue?
With revenue significantly lower than expenses in recent years, the foundation appears to be funding its operations by utilizing its existing assets, which have decreased from $7,154,794 in 2022 to $3,030,421 in 2024.
Filing History
IRS 990 filing history for Young Family Charitable Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2024), Young Family Charitable Foundation's revenue has grown by 923.3%, moving from $4K to $37K. Total assets increased by 439.9% over the same period, from $561K to $3.0M. Total functional expenses rose by 184%, from $689K to $2.0M. In its most recent filing year (2024), Young Family Charitable Foundation reported a deficit of $1.9M, with expenses exceeding revenue. The organization holds $1 in liabilities against $3.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $3.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $37K | $2.0M | $3.0M | $1 | — | View 990 |
| 2023 | $87K | $2.5M | $4.7M | $1 | — | — |
| 2022 | $4.3M | $1.9M | $7.2M | $1 | — | View 990 |
| 2021 | $3.5M | $1.4M | $6.3M | $1 | — | View 990 |
| 2020 | $7.0M | $2.5M | $5.6M | $0 | — | — |
| 2015 | $2.0M | $1.5M | $1.5M | $0 | — | View 990 |
| 2014 | $1.5M | $814K | $991K | $0 | — | View 990 |
| 2013 | $517K | $793K | $286K | $0 | — | View 990 |
| 2012 | $4K | $689K | $561K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $37K, expenses of $2.0M, and assets of $3.0M (revenue -56.7% year-over-year).
- 2023: Revenue of $87K, expenses of $2.5M, and assets of $4.7M (revenue -98.0% year-over-year).
- 2022: Revenue of $4.3M, expenses of $1.9M, and assets of $7.2M (revenue +21.5% year-over-year).
- 2021: Revenue of $3.5M, expenses of $1.4M, and assets of $6.3M (revenue -49.5% year-over-year).
- 2020: Revenue of $7.0M, expenses of $2.5M, and assets of $5.6M (revenue +245.9% year-over-year).
- 2015: Revenue of $2.0M, expenses of $1.5M, and assets of $1.5M (revenue +33.6% year-over-year).
- 2014: Revenue of $1.5M, expenses of $814K, and assets of $991K (revenue +193.6% year-over-year).
- 2013: Revenue of $517K, expenses of $793K, and assets of $286K (revenue +14022.9% year-over-year).
- 2012: Revenue of $4K, expenses of $689K, and assets of $561K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Young Family Charitable Foundation:
Data Sources and Methodology
This transparency report for Young Family Charitable 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.