Young Scholars for Academic Empowerment

Analysis

Young Scholars for Academic Empowerment is a registered charity in United States, based in Riverside, CA. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2023, Young Scholars for Academic Empowerment reported income of $7.9m and spending of $4.7m, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $7.9m (+678%), an average of +67% a year. The sharpest change came in the year to December 2020, when income rose by 705%. Over the whole period it spent 42% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Young Scholars for Academic Empowerment sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Shalom Institute Camp and Conference Center ($7.9m), Metropolitan Development Center Inc ($7.9m) and Harvest Outreach Center Inc ($7.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $245k (5.2% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $27.1m against liabilities of $7.3m, net assets of $19.7m. It reported 38 employees.