Youth Development
(O50)
IRS Verified
DX Registered
990 on File
IMPROVE YOUR TOMORROW
Financial strength (30%)
71/100
Reliability (20%)
50/100
Effectiveness (25%)
88/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
The mission of Improve Your Tomorrow (IYT) is to increase the number of young men of color (YMOC) who attend and graduate from colleges and universities and lead them on paths to be overrepresented in higher education, underrepresented in the criminal justice system, and leaders in their communities. Since 2013, IYT has served YMOC in California, providing them with a range of educational, social, and career development services such as tutoring, college advising, mentorships, internships, and family engagement.
Financial Overview — FY 2023
$10.6M
Total Revenue
$10.0M
Total Expenses
$3.5M
Net Assets
261
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
76.8%
Fundraising Efficiency
2451.4%
Operating Reserve
4.20x
Liability-to-Asset
47.1%
Revenue Diversification
59.4%
Executive Compensation
$423K
Compared with Peers
FY 2023
Compared with 1,722 similar organizations
(United States, Youth Development, $1M–$10M in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
76.8% | 82.0% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
15.9% | 12.0% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
7.3% | 3.9% |
P10P90
|
Below median |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
2451.4% | 140.0% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
4.2 mo | 12.0 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
47.1% | 8.9% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
59.4% | 89.3% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
43.6% | 9.0% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
53.5% | 14.2% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
5.8% | 2.4% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $10.6M | $10.0M | $3.5M | 76.8% | 261 |
| 2022 | $7.4M | $6.5M | $2.9M | 75.5% | 184 |
| 2021 | $3.1M | $2.1M | N/A | — | 0 |
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