Young Leaders Academy K-8 Corporation

Analysis

Young Leaders Academy K-8 Corporation is a registered charity in United States, based in Burr Ridge, IL. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Young Leaders Academy K-8 Corporation reported income of $1.4m and spending of $1.2m, spending 86% of its income. Across the 3 years on record, from August 2020 to June 2022, income grew from $375k to $1.4m (+263%), an average of +91% a year. The sharpest change came in the year to June 2022, when income rose by 92%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Young Leaders Academy K-8 Corporation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within IL. Charities of a similar size with the same main cause include Pathfinder Village Foundation Inc ($1.4m), Floridas Children First Inc ($1.4m) and Emmanuel Family Homes Inc ($1.4m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $483k. At year end it held assets of $365k against liabilities of $70k, net assets of $295k. It reported 19 employees.