The Young Fabians operate as a membership-driven think tank that organises policy debates, research projects, publications, conferences, and international delegations.

However, in the early 1990s, the group underwent a revival and played an important role in the discussion of the next stage of modernisation within the Labour Party.

The most recent pamphlet, number 65 "Closing the Gap", explores how the Labour Party can remould the NHS to ensure it is fit to face the new challenges of an ageing population.

Until 2015 the organisation's activities were run directly by its executive committee, which undertook a programme of speaker events, seminars, receptions and policy pamphlets.

Since then, the focus of running programmes have been devolved to members as a whole, notably through member-led networks centered around topics related to core issues like International Affairs, Health and Education.

[6] The Young Fabians' statement of purpose is to avoid commitment to any one brand of socialism and to provide a "forum for different points of view within the left".

This has helped the group survive through many changes in the Labour Party without being identified as part of the left or right wing factions.

However, by taking no formal policy stance, the Young Fabians has been able to include both supporters and sceptics of past Labour governments.

Young Fabian alumni include Professor Colin Crouch,[7] Brian Lapping, Howard Glennerster, Giles Radice, Conrad Russell, Michael Crick, Peter Mandelson, Jack Straw, Stephen Twigg, Ann Taylor, Vince Cable[8] John Mann, Phil Woolas, Oona King, Lorna Fitzsimons, Paul Richards, Tom Watson, Liam Byrne, Stella Creasy, Seema Malhotra, Sunder Katwala, Mark Leonard, Jessica Asato, Conor McGinn, Sara Ibrahim, Keir Mather, Jessica Toale, Jeevun Sandher and Kirith Entwistle.

[9] It regularly holds a series of events including policy seminars, debates and receptions in foreign embassies, and publishes magazine 'Anticipations' which moved to being quarterly to twice-yearly in 2020.

It also holds regular social events, with its annual summer boat party on the Thames having become a popular fixture in the Westminster calendar for young members and activists.

These networks set out to bring together those involved or who have an interest in the subject, and link their specialist knowledge into policy debate.