Yi Hwang Academy Incorporated

Analysis

Yi Hwang Academy Incorporated is a registered charity in United States, based in Duluth, GA. It received its IRS tax-exemption ruling in November 2021, 5 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 2024, Yi Hwang Academy Incorporated reported income of $5.5m and spending of $6.2m, spending 113% of what it took in. Across the 4 years on record, from December 2020 to June 2024, income grew from $1.7m to $5.5m (+226%), an average of +48% a year. The sharpest change came in the year to June 2023, when income rose by 143%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Yi Hwang Academy Incorporated 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 93rd percentile, and in the 94th percentile within GA. Charities of a similar size with the same main cause include Lead Academy ($5.5m), Spark Development Network Inc ($5.5m) and De LA Salle Academy ($5.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.1% and program service revenue 94% of the total. At year end it held assets of $5.9m against liabilities of $5.4m, net assets of $565k. It reported 56 employees.