Gary K Herberger Young Scholars Academy

Analysis

Gary K Herberger Young Scholars Academy is a registered charity in United States, based in Glendale, AZ. It received its IRS tax-exemption ruling in April 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 2023, Gary K Herberger Young Scholars Academy reported income of $1.6m and spending of $1.3m, spending 84% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $963k to $1.6m (+63%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gary K Herberger Young Scholars Academy sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within AZ. Charities of a similar size with the same main cause include May River Montessori ($1.6m), Cascadia School ($1.6m) and Columbia Greenhouse Nursery School ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $464k against liabilities of $102k, net assets of $362k.