Young Voices EIN 43-2103674 Form 990 (PDF) Claim this org

Young Voices

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Empowers urban youth to become strong advocates, giving them a voice in all life aspects. For fiscal year 2024 it reported $768K in revenue, $829K in expenses, and $1.3M in net assets.Pt I

Type
Public charity (501(c)(3)) · Youth Development
Location
Providence, RI
Website
www.youngvoicesri.org
Filings
5 on file (2020–2024)
Revenue
$768KFY2024
Expenses
$829K
Net assets
$1.3M
People
18
Filings
5
Updates
0
More identity details & actions ⌄
EIN  43-2103674 Public charity (501(c)(3)) Providence, RI
Form 990 (PDF)
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Size
$100K–1M
What they do
Empowers urban youth to become strong advocates, giving them a voice in all life aspects.
Leadership
Kar-Hing Chung · Executive Director · $91K
Money in and out
$768K revenue, $829K expenses
Bottom line
20% program efficiency
Where the money goes · FY2024
Total revenue
$768K
Pt VIII · Ln 12
Total expenses
$829K
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$62K
Where spending went · Part IX cols B–D
Program services $0.20 Management & general $0.70 Fundraising $0.10
Program efficiency
20%
of spending reaches programs▲ +3% vs prior filing year
Operating runway
16.2mo
months of highly liquid reserves at operating expense rate▼ -28% vs prior filing year
Surplus margin
-8%
revenue over expenses, this year▼ -2011% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$768K
FY2024▲ +8%
Expenses
$829K
FY2024▲ +17%
Total assets
$1.3M
FY2024▼ -1.0%
Total liabilities
$51K
FY2024▼ -57%
Total revenue
$768K
Pt VIII · Ln 12
Total expenses
$829K
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$62K
Total assetsPt X · Ln 16$1.3M
Program-expense ratioPt IX · col B20%
Voting members of governing bodyPt I · Ln 317
Independent voting membersPt I · Ln 417
Mission & Programs · Part III

Where the work happens

1 program service account for $163K of program spending, described in the organization's own filed words · FY2024.
01

Young voices is an organization that works with high school-aged youth, predominantly bipoc youth to fight for education equity. The year-round transformational leadership program creates youth-led spaces to elevate youth voice in policymaking that permanently impact the future of our world and the programs ensure that youth hone their…

$163Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CYoung Voices
EINHdr · item D43-2103674
Principal addressHdr · item CProvidence, RI
WebsiteHdr · item Jwww.youngvoicesri.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MRI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFJun 2006

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a17
Independent voting membersPt VI · Ln 1b17
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$91,459Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Co-Secretary
$0Pt VII · Sec A
Co-Treasurer
$0Pt VII · Sec A
Co-Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Kar-Hing Chung$91,459$100,003$69,722$70,632$62,824
Karen Feldman$70,640

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$462K · 60%
Program service revenue$255K · 33%
Other revenue$29K · 4%
Investment income$21K · 3%
Contributions & grants60%$462K
Program service revenue33%$255K
Other revenue4%$29K
Investment income3%$21K
— government grantsLn 1e$120K
Total revenueLn 12$768K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.20 Management & general $0.70 Fundraising $0.10
Program services20%$163K
Management & general70%$583K
Fundraising10%$83K
Total functional expensesLn 25$829K

Balance Sheet

Part X · end of year
CashLn 1$1.1M
Total assetsLn 16$1.3M
Total liabilitiesLn 26$51K
Total net assetsLn 32$1.3M
Months of cash on handcomputed15.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.1M · Operating expenses/yr $829K
16.2 months
Where the money goes
Program services
Program services $163K · Total expenses $829K
20%
Management & General
Management & general $583K · Total expenses $829K
70%
Fundraising
Fundraising $83K · Total expenses $829K
10%
Cost to raise $1
Fundraising expense (3-yr avg) $91K · Solicited contributions (3-yr avg) $307K
$0.30 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $462K · Total revenue $768K
60%
Government reliance
Government grants $120K · Total revenue $768K
16%
Earned-income share
Program service revenue $255K · Total revenue $768K
33%
Investment reliance
Investment income $21K · Total revenue $768K
+3%
Program self-sufficiency
Program service revenue $255K · Total expenses $829K
31%
Growth & trend
Revenue growth (YoY)
This year $768K · Prior year $709K
+8%
Revenue CAGR
FY2020 $412K · FY2024 $768K
+17%
Net-asset trend (YoY)
End of year $1.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $768K · Expenses $829K
-8%
Liabilities-to-Assets
Total liabilities — · Total assets $1.3M
Net-asset ratio
Net assets $1.3M · Total assets $1.3M
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $31K · Total assets (Pt X, ln 16) $1.3M
2%
People & payroll
Highest Reported Total Compensation
Individual Kar-Hing Chung · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $91K · Total expenses $829K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $528K · Total expenses $829K
64%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 20%
Overhead ratio 70%
Fundraising cost ratio 18%
Revenue growth 8%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$9K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$768K revenue · viewing · ⤓ 990 PDF
FY2023$709K revenue · ⤓ 990 PDF
FY2022$630K revenue · ⤓ 990 PDF
FY2021$491K revenue · ⤓ 990 PDF
FY2020$412K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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