Global Scholars Academy Gsa

Analysis

Global Scholars Academy Gsa is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in April 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, Global Scholars Academy Gsa reported income of $4.3m and spending of $3.8m, spending 89% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.0m to $4.3m (+41%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Global Scholars Academy Gsa sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Doral Academy of North Carolina ($4.3m), German International School Chicago NFP ($4.3m) and Jarrow School Inc ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. Other salaries and wages came to $2.3m. At year end it held assets of $1.3m against liabilities of $22k, net assets of $1.3m. It reported 96 employees.