H & B Young Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves
H & B Young Foundation is a 501(c)(3) organization based in Morgan City, Louisiana, registered in 1957, with $3,581,296 in FY2024 revenue. CharityIndex grades it C+.
Po Box 889, Morgan City, LA, 70381 EIN 72-6029365 Since 1957
Revenue (FY2024)
$3.6M
▲ 89.8% vs prior year
Expenses (FY2024)
$3.2M
Net assets
$29.9M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for H & B Young Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating113 mo reserves · +12% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For H & B Young Foundation: 113 mo reserves · +12% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for H & B Young Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For H & B Young Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 889, Morgan City, LA, 70381
- City
- Morgan City
- State
- Louisiana
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $2.5M (FY2016) to $3.6M (FY2024) across 9 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $377KNet assets $29.9M
Operating margin
11.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$30.3M
Total liabilities
$377K
Net assets
$29.9M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $3,581,296▲89.8% | $3,165,251▲9.9% | $29,889,846▲8.0% | $30,266,451▲8.3% | 990PF |
| 2023 | $1,887,204▼44.4% | $2,879,139▲11.6% | $27,671,289▲8.2% | $27,945,710▲7.8% | 990PF |
| 2022 | $3,391,651▼8.4% | $2,579,068▼0.8% | $25,583,215▼15.1% | $25,928,411▼14.7% | 990PF |
| 2021 | $3,701,791▲16.0% | $2,600,820▲9.5% | $30,146,097▲7.5% | $30,382,041▲7.8% | 990PF |
| 2020 | $3,190,802▼6.2% | $2,374,651▲6.8% | $28,049,930▲11.5% | $28,173,562▲11.3% | 990PF |
| 2019 | $3,400,561▼3.7% | $2,224,294▲5.3% | $25,165,561▲17.0% | $25,312,690▲14.5% | 990PF |
| 2018 | $3,530,045▲17.4% | $2,112,967▲7.6% | $21,508,543▼1.5% | $22,103,935▼2.4% | 990PF |
| 2017 | $3,007,214▲22.6% | $1,963,615▲11.8% | $21,825,275▲10.3% | $22,651,046▲12.9% | 990PF |
| 2016 | $2,452,198 | $1,756,660 | $19,779,477 | $20,067,977 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is H & B Young Foundation a legitimate nonprofit?
- Yes. H & B Young Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 72-6029365, based in Morgan City, Louisiana. Donations are tax-deductible.
- What is H & B Young Foundation's EIN?
- H & B Young Foundation's Employer Identification Number (EIN) is 72-6029365.
- How much revenue does H & B Young Foundation report?
- H & B Young Foundation reported $3,581,296 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does H & B Young Foundation have?
- CharityIndex grades H & B Young Foundation C+, based on financial health (reserves and operating margin).
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Data for H & B Young Foundation (EIN 72-6029365) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.