Young Scholars of Central Pennsylvania

Analysis

Young Scholars of Central Pennsylvania is a registered charity in United States, based in State College, PA. It received its IRS tax-exemption ruling in May 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Young Scholars of Central Pennsylvania reported income of $8.3m and spending of $7.4m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.0m to $8.3m (+19%), an average of +4.5% a year. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Young Scholars of Central Pennsylvania sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within PA. Charities of a similar size with the same main cause include Avoyelles Public Charter School Inc ($8.3m), State College of Florida Foundation Inc ($8.3m) and Marty Indian School Board Inc ($8.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $126k (1.7% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $7.2m against liabilities of $10.5m, net assets of -$3.3m. It reported 109 employees.