Young Entrepreneurs Academy Inc

Analysis

Young Entrepreneurs Academy Inc is a registered charity in United States, based in Pittsford, NY. It received its IRS tax-exemption ruling in March 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 June 2024, Young Entrepreneurs Academy Inc reported income of $250k and spending of $270k, spending 108% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $676k to $250k (-63%), an average of -18% a year. The sharpest change came in the year to June 2021, when income dropped by 53%. Over the whole period it spent 104% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Young Entrepreneurs Academy Inc sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include West Muskingum Youth League ($250k), Velos Organization Inc ($250k) and Mission Be Inc ($250k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 29% and program service revenue 71% of the total. Other salaries and wages came to $77k. At year end it held assets of $66k against liabilities of $72k, net assets of -$5,628. It reported 1 employees.