Young Scholars Academy Charter School Corporation

Analysis

Young Scholars Academy Charter School Corporation is a registered charity in United States, based in Bullhead City, AZ. It received its IRS tax-exemption ruling in February 1997, 29 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, Young Scholars Academy Charter School Corporation reported income of $5.6m and spending of $4.1m, leaving 28% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.8m to $5.6m (+47%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Young Scholars Academy Charter School Corporation 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 91st percentile within AZ. Charities of a similar size with the same main cause include The Unumb Center for Neurodevelopment ($5.6m), Millville Public Charter School ($5.6m) and Global Village Academy - Douglas County ($5.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $289k (7.1% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $13.6m against liabilities of $2.1m, net assets of $11.5m. It reported 44 employees.