The Young Academy is currently funded and underwritten by the RSE. In addition, members pay a small annual subscription fee, currently £75. External support is sought for particular activities.
The Young Academy is supported by administrative staff provided by the RSE.
YAS is overseen by a Facilitating Group which is comprised of four co-chairs and a Treasurer elected by the membership; each serving for a period of two years. A Steering Group, comprised of Working Group leads, advises on the activities and direction of the work of the membership.
The Young Academy of Scotland operates within the organisational form of a Scottish Charitable Incorporated Organisation (SCIO), the RSE Scotland SCIO. The RSE provides a supportive role, but the Young Academy sets its own agenda in consultation with the RSE.