Young Scientist Academy

Analysis

Young Scientist Academy is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Young Scientist Academy reported income of $255k and spending of $160k, leaving 37% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $130k to $255k (+96%), an average of +40% a year. The sharpest change came in the year to June 2023, when income rose by 48%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Young Scientist Academy sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within NC. Charities of a similar size with the same main cause include Minnesota Teachers of English to Speakers of Other Languages ($255k), Parent Booster USA Inc ($255k) and Gospel Perfecting Center Inc ($255k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% and program service revenue 0.1% of the total. Other salaries and wages came to $104k. At year end it held assets of $210k against liabilities of $0, net assets of $210k. It reported 17 employees.