Young Achievers Learning Center Inc

Analysis

Young Achievers Learning Center Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Young Achievers Learning Center Inc reported income of $1.5m and spending of $1.2m, leaving 21% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $470k to $1.5m (+221%), an average of +26% a year. The sharpest change came in the year to June 2020, when income rose by 106%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Young Achievers Learning Center Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within PA. Charities of a similar size with the same main cause include Walks-Webs Western Eagle Bilingual School Prek 12th Grade Inc ($1.5m), Monroe Free Library ($1.5m) and Center for Curriculum Redesign ($1.5m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $226k (19% of expenses). Other salaries and wages came to $565k. At year end it held assets of $1.8m against liabilities of $20k, net assets of $1.8m. It reported 55 employees.