Young Scholars of Western Pennsylvania Charter School

Analysis

Young Scholars of Western Pennsylvania Charter School is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in March 2012, 14 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 Western Pennsylvania Charter School reported income of $8.3m and spending of $7.8m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.4m to $8.3m (+31%), an average of +7.0% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 85% 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 Western Pennsylvania Charter School 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 Midland School Corporation ($8.3m), Catholic Education Foundation Inc ($8.3m) and Western Carolina University Foundation ($8.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $285k (3.7% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $7.3m against liabilities of $3.6m, net assets of $3.7m. It reported 92 employees.