Aaaa Scholarship Foundation Inc

Analysis

Aaaa Scholarship Foundation Inc is a registered charity in United States, based in Monroe, CT. It received its IRS tax-exemption ruling in March 1968, 58 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2022, Aaaa Scholarship Foundation Inc reported income of $764k and spending of $645k, spending 84% of its income. Across the 4 years on record, from December 2019 to September 2022, income grew from $759k to $764k (+0.6%), an average of +0.2% a year. The sharpest change came in the year to September 2021, when income rose by 87%. 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, Aaaa Scholarship Foundation Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within CT. Charities of a similar size with the same main cause include Vdare Foundation ($764k), Springs Academy Inc ($764k) and Mississippi Center for Public Policy ($763k).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 80% of the total. At year end it held assets of $7.6m against liabilities of $6,264, net assets of $7.6m.