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1. NPI Evaluation of Philadelphia Youth
Network
NPI Rating: BUY
Evaluation as of 12/24/2011
Analyst: John Goldston
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2. NPI Rating: BUY
Since being founded in 1999 as a small non-profit
subsidiary, PYN has grown into an independent,
citywide organization with substantial support within
and recognition from the Philadelphia community.
Having developed relationships with key policymakers
and stakeholders, the company appears to be in a great
position to continue to grow and create opportunities
for Philadelphia’s youth for years to come.
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3. Philadelphia Youth Network: Strengths
▲ Strong reputation within Philadelphia community. PYN has grown
from a small non-profit subsidiary into an independent, citywide
organization serving thousands of local students.
▲ Growing and sticky partner network of employers, academic
institutions and youth organizations. Over 150 employers are
currently involved in WorkReady, PYNs largest school-to-career
initiative, up substantially from 50 employers six years ago.
▲ Number of students benefitting from PYN programs continues to
grow each year. WorkReady placed over 11,000 students in 2010,
compared to only 150 students in 2003.
▲ Strong financial performance and stable expense/revenue ratio.
15% revenue and support CAGR over the past three years, which
has funded an increase in the breadth and depth of program
offerings.
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4. Philadelphia Youth Network: Cautions
▼ Funding Concentration. 85% of funding comes from six government
programs and loss of funding from any single program will have a material
(>10%) impact on total revenue and support.
● Long-term evaluation horizon makes current performance difficult to
evaluate. Access to long-term employment data among PYN participants
is not readily available.
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5. More Information
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