Engaging Young Minds Academy Inc

Analysis

Engaging Young Minds Academy Inc is a registered charity in United States, based in Orange Park, FL. It received its IRS tax-exemption ruling in February 2020, 6 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 December 2023, Engaging Young Minds Academy Inc reported income of $345k and spending of $328k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $235k to $345k (+47%), an average of +47% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 57% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Engaging Young Minds Academy Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 67th percentile within FL. Charities of a similar size with the same main cause include Texas for Excellence in Education Inc ($345k), University Club Foundation Inc ($345k) and Texas Foundation for Education Rights Inc ($345k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $45k (14% of expenses). Other salaries and wages came to $102k. At year end it held assets of $266k against liabilities of $193k, net assets of $73k. It reported 11 employees.