Kids Scholarship Fund Inc

Analysis

Kids Scholarship Fund Inc is a registered charity in United States, based in Madison, CT. It received its IRS tax-exemption ruling in April 1998, 28 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 June 2024, Kids Scholarship Fund Inc reported income of $603k and spending of $1.0m, spending 172% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.8m to $603k (-67%), an average of -24% a year. The sharpest change came in the year to June 2021, when income dropped by 55%. Over the whole period it spent 114% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kids Scholarship Fund Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within CT. Charities of a similar size with the same main cause include Global Snakebite Initiative USA Foundation Inc ($602k), Jeremiah School ($603k) and Construction Education Center Inc ($602k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 24% of the total. Compensation of current officers, directors and key employees was $125k (12% of expenses). At year end it held assets of $12.9m against liabilities of $0, net assets of $12.9m. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.