Young Scholars Charter School Inc

Analysis

Young Scholars Charter School Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 1999, 27 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 Charter School Inc reported income of $7.4m and spending of $6.5m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.1m to $7.4m (+43%), an average of +9.4% a year. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Young Scholars Charter School Inc 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 92nd percentile within PA. Charities of a similar size with the same main cause include Paso Robles Charter School Project Inc ($7.4m), Benjamin Banneker Prep Inc ($7.4m) and Newark Educators Community Charter School ($7.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $549k (8.4% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $3.7m against liabilities of $2.1m, net assets of $1.6m. It reported 68 employees.