Ea Young Academy

Analysis

Ea Young Academy is a registered charity in United States, based in Roanoke, TX. It received its IRS tax-exemption ruling in January 2014, 12 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 July 2023, Ea Young Academy reported income of $2.0m and spending of $1.8m, spending 89% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.5m to $2.0m (+34%), an average of +7.5% a year. The sharpest change came in the year to July 2023, when income rose by 33%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ea Young Academy sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Silver Oak Academy ($2.0m), Spartan Innovation Building Corporation ($2.0m) and Lakeland Montessori Schoolhouse Inc ($2.0m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $224k (13% of expenses). Other salaries and wages came to $615k. At year end it held assets of $963k against liabilities of $386k, net assets of $577k. It reported 26 employees.