Youngsville Academy Charter School Inc

Analysis

Youngsville Academy Charter School Inc is a registered charity in United States, based in Rutherfordton, NC. It received its IRS tax-exemption ruling in April 2015, 11 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, Youngsville Academy Charter School Inc reported income of $5.4m and spending of $4.7m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.9m to $5.4m (+87%), an average of +17% a year. The sharpest change came in the year to June 2020, when income rose by 45%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Youngsville Academy Charter School Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Glen Mills Schools ($5.4m), South Florida Preventative Care Initiative Inc ($5.4m) and Highland Project Inc ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.4% and program service revenue 97% of the total. Other salaries and wages came to $2.7m. At year end it held assets of $15.3m against liabilities of $11.3m, net assets of $4.0m. It reported 90 employees.