The Young Scholars Institute Inc

Analysis

The Young Scholars Institute Inc is a registered charity in United States, based in Trenton, NJ. It received its IRS tax-exemption ruling in August 2020, 6 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, The Young Scholars Institute Inc reported income of $982k and spending of $957k, spending 98% of its income. Across the 6 years on record, from December 2017 to December 2022, income grew from $850k to $982k (+16%), an average of +2.9% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Young Scholars Institute Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within NJ. Charities of a similar size with the same main cause include Montessori at Roseborough Inc ($982k), Light of the World Clinic Inc ($982k) and Futura Age Foundation ($982k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 96% and program service revenue 3.9% of the total. Other salaries and wages came to $479k. At year end it held assets of $430k against liabilities of $25k, net assets of $406k. It reported 15 employees.