Young Audiences Charter Association

Analysis

Young Audiences Charter Association is a registered charity in United States, based in Gretna, LA. It received its IRS tax-exemption ruling in December 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 June 2023, Young Audiences Charter Association reported income of $32.6m and spending of $31.6m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.6m to $32.6m (+239%), an average of +36% a year. The sharpest change came in the year to June 2022, when income rose by 59%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Young Audiences Charter Association sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within LA. Charities of a similar size with the same main cause include Texas Womans University Foundation ($32.6m), Kamaaina Care Inc ($32.6m) and Harpeth Hall School ($32.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $168k (0.5% of expenses). Other salaries and wages came to $13.0m. At year end it held assets of $9.5m against liabilities of $3.1m, net assets of $6.5m. It reported 338 employees.