Young Scholars Developmental Institute

Analysis

Young Scholars Developmental Institute is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Young Scholars Developmental Institute reported income of $1.1m and spending of $1.1m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $920k to $1.1m (+20%), an average of +4.8% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Young Scholars Developmental Institute sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within IL. Charities of a similar size with the same main cause include Southeastern Mass Home Health Aides Inc ($1.1m), Gathering of Southeast Wisconsin Inc ($1.1m) and Escueta Care Home 3 Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $636k. At year end it held assets of $275k against liabilities of $366k, net assets of -$92k. It reported 19 employees.