Motivated Young Scholars

Analysis

Motivated Young Scholars is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 December 2023, Motivated Young Scholars reported income of $137k and spending of $134k, spending 98% of its income. The sharpest change came in the year to December 2023, when income rose by 68%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Motivated Young Scholars sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within PA. Charities of a similar size with the same main cause include Student Startup Inc ($137k), Mahnomen County Day Activities Center ($137k) and Junior League of Central Westchester Inc ($137k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $49k (36% of expenses). At year end it held assets of $2,798 against liabilities of $0, net assets of $2,798.