Overview
What is Point Source Youth Inc?
Point Source Youth Inc, based in New York City, is a dedicated nonprofit organization with a mission to combat youth homelessness, particularly among the LGBTQ community. They advocate, implement, and evaluate effective, scalable, and replicable interventions, such as family and kinship strengthening, short-term host homes, and rapid re-housing, to expand housing options for homeless youth and ultimately eradicate youth homelessness. The organization provides assistance with funding access, program evaluation, and technical expertise to support other organizations serving homeless youth. With a team of 18 dedicated individuals, Point Source Youth Inc operates from their office at 215 Park Avenue South, 11th Floor.
Official website here: www.pointsourceyouth.org
What are the reviews and ratings of this charity?
97% rating from Charity Navigator.
Point Source Youth Inc has achieved a Four-Star out of Four Star rating, indicating a high level of accountability and financial management. The organization excels in various areas, including having a fully independent board and strong financial oversight, which reflect a commitment to transparency and ethical governance. The charity’s program expense ratio of 78.20% demonstrates a significant investment in its mission, ensuring that the majority of funds are directed toward its programs.
The organization has also shown excellent financial health, with a liabilities-to-assets ratio of only 0.50%, indicating low indebtedness. Additionally, its fundraising efficiency is commendable, costing just $0.062 to raise a dollar, which suggests effective fundraising strategies. Overall, the financial practices of Point Source Youth Inc are robust, positioning them well to continue serving their community effectively.
No significant limitations were noted in the available data, reinforcing the charity's strong reputation. The comprehensive policies in place, such as conflict of interest and whistleblower protections, further enhance its credibility. Overall, the organization appears to be well-managed and committed to its mission, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Point Source Youth Inc legitimate?
Point Source Youth Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Point Source Youth Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $241,071
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,195,054
For more financial information, click here
Official website here: www.pointsourceyouth.org
What is the mission statement of Point Source Youth Inc?
Point Source Youth Inc's mission is centered around preventing youth homelessness, particularly among the LGBTQ community. They achieve this by implementing tested methods of intervention and offering assistance to organizations serving homeless youth. This assistance includes helping with the acquisition of funding, evaluating programs, and providing technical expertise. The organization's primary focus is on advocating for, implementing, and evaluating proven, scalable, and replicable interventions such as family and kinship strengthening, short-term host homes, and rapid re-housing. These interventions aim to increase housing options for youth and ultimately end youth homelessness.
Official website here: www.pointsourceyouth.org
Who is the CEO of Point Source Youth Inc?
Lawrence Cohen is the Board Chair of Point Source Youth Inc.
Official website here: www.pointsourceyouth.org
What is the revenue of Point Source Youth Inc?
Point Source Youth Inc's revenue in 2022 was $5,894,838.
Official website here: www.pointsourceyouth.org
Who are the executives of Point Source Youth Inc and what are their salaries?
The average compensation at Point Source Youth Inc during 2022 was $79,785. There are 18 employees and 10 volunteers at Point Source Youth Inc.
Here are 15 key members and their salaries:
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- Compensation: $137,980
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- Other: $7,606
- Compensation: $113,653
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- Other: $7,592
- Compensation: $126,967
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- Other: $18,132
- Compensation: $101,480
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- Other: $7,606
Official website here: www.pointsourceyouth.org
Where can I find the form 990 for Point Source Youth Inc?
Point Source Youth Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pointsourceyouth.org
Learn more at the official website: www.pointsourceyouth.org
Mission Statement of Point Source Youth Inc
Point Source Youth Inc, a dedicated organization, is committed to preventing youth homelessness, with a particular focus on supporting LGBTQ youth. Their mission is multifaceted, involving advocacy, implementation, and evaluation of effective interventions to combat youth homelessness. The organization provides assistance in securing funding, evaluating programs, and offering technical expertise.
Point Source Youth Inc's primary goal is to promote and implement proven, scalable, and replicable youth homelessness interventions. These interventions include family and kinship strengthening, short-term host homes, and rapid re-housing. By employing these strategies, the organization aims to expand housing options for youth and ultimately eradicate youth homelessness. The organization's mission is to be a key player in increasing the availability of housing solutions for youth, thereby contributing to the end of youth homelessness.
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Impact
July, 2024
Point Source Youth Inc advocates for, implements, and evaluates proven, scalable, and replicable interventions to address youth homelessness. Their focus on family and kinship strengthening, short-term host homes, and rapid re-housing initiatives has significantly increased housing options for youth and contributed to the goal of ending youth homelessness. Through their efforts, especially in supporting LGBTQ youth, Point Source Youth has been instrumental in preventing youth homelessness, providing aid to homeless youth, and supporting organizations serving this vulnerable population. They provide assistance in accessing funding, evaluating programs, and offering technical expertise to further enhance their impact. Their commitment to youth development is evident in the tangible difference they make in the lives of homeless youth.
This information is meant to be a general summary of Point Source Youth Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $14,590
- Program Service Revenue: $522,550
- Gross Receipts: $5,894,838
Assets and Liabilities:
- Total Assets: $6,046,856
- Total Liabilities: $30,267
- Net Assets: $6,016,589
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TECHNICAL ASSISTANCE
Revenue
$522,550
Organization Details
Founding Year
2015
Phone
(443) 376-8723Principal Officer
Lawrence Cohen
Main Address
215 PARK AVENUE SOUTH 11TH FLOOR, NEW YORK, NY, 10003
Website
www.pointsourceyouth.orgNTEE Category
Code: O50 - Youth development
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