Youth Financial Literacy Foundation
EIN: 800056165 · Farmington Hills, MI · NTEE: A33
Is Youth Financial Literacy Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Youth Financial Literacy Foundation
Youth Financial Literacy Foundation (EIN: 800056165) is a nonprofit organization based in Farmington Hills, MI, classified under NTEE code A33. The organization reported total revenue of $2.0M and total assets of $82K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Youth Financial Literacy Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Youth Financial Literacy 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 Youth Financial Literacy 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.
Frequently Asked Questions about Youth Financial Literacy Foundation
Is Youth Financial Literacy Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Youth Financial Literacy Foundation (EIN: 800056165) insufficient data. 0 red flags identified, 0 strengths noted.
How does Youth Financial Literacy Foundation spend its money?
Detailed spending breakdown data is not yet available for Youth Financial Literacy Foundation. Check back for updated IRS 990 analysis.
Are donations to Youth Financial Literacy Foundation tax-deductible?
Youth Financial Literacy Foundation is registered as a tax-exempt nonprofit (EIN: 800056165). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Youth Financial Literacy Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Youth Financial Literacy Foundation's revenue has grown by 10526.3%, moving from $18K to $2.0M. Total assets increased by 1630.4% over the same period, from $20K to $339K. Total functional expenses rose by 4511.4%, from $96K to $4.4M. In its most recent filing year (2023), Youth Financial Literacy Foundation reported a deficit of $2.5M, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $4.4M | $339K | $0 | — | — |
| 2022 | $2.3M | $7.2M | $2.8M | $306 | — | View 990 |
| 2021 | $7.0M | $7.8M | $7.7M | $306 | — | View 990 |
| 2020 | $13.5M | $7.7M | $8.6M | $0 | — | — |
| 2019 | $6.5M | $5.8M | $2.8M | $0 | — | View 990 |
| 2018 | $5.4M | $5.3M | $2.1M | $0 | — | View 990 |
| 2017 | $4.7M | $3.9M | $2.0M | $0 | — | View 990 |
| 2016 | $2.9M | $2.3M | $1.2M | $0 | — | View 990 |
| 2015 | $2.0M | $1.7M | $544K | $53 | — | View 990 |
| 2014 | $1.2M | $1.2M | $211K | $0 | — | View 990 |
| 2013 | $1.1M | $947K | $194K | $0 | — | View 990 |
| 2012 | $555K | $448K | $37K | $0 | — | View 990 |
| 2011 | $18K | $96K | $20K | $90K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $4.4M, and assets of $339K (revenue -13.1% year-over-year).
- 2022: Revenue of $2.3M, expenses of $7.2M, and assets of $2.8M (revenue -67.5% year-over-year).
- 2021: Revenue of $7.0M, expenses of $7.8M, and assets of $7.7M (revenue -48.3% year-over-year).
- 2020: Revenue of $13.5M, expenses of $7.7M, and assets of $8.6M (revenue +108.2% year-over-year).
- 2019: Revenue of $6.5M, expenses of $5.8M, and assets of $2.8M (revenue +20.8% year-over-year).
- 2018: Revenue of $5.4M, expenses of $5.3M, and assets of $2.1M (revenue +12.7% year-over-year).
- 2017: Revenue of $4.7M, expenses of $3.9M, and assets of $2.0M (revenue +61.0% year-over-year).
- 2016: Revenue of $2.9M, expenses of $2.3M, and assets of $1.2M (revenue +46.2% year-over-year).
- 2015: Revenue of $2.0M, expenses of $1.7M, and assets of $544K (revenue +63.1% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.2M, and assets of $211K (revenue +12.0% year-over-year).
- 2013: Revenue of $1.1M, expenses of $947K, and assets of $194K (revenue +98.8% year-over-year).
- 2012: Revenue of $555K, expenses of $448K, and assets of $37K (revenue +2902.8% year-over-year).
- 2011: Revenue of $18K, expenses of $96K, and assets of $20K.
Data Sources and Methodology
This transparency report for Youth Financial Literacy 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.