Little Scholars of Arkansas Foundation

Analysis

Little Scholars of Arkansas Foundation is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in April 2003, 23 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 2023, Little Scholars of Arkansas Foundation reported income of $42.3m and spending of $44.9m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $20.8m to $42.3m (+103%), an average of +19% a year. The sharpest change came in the year to June 2020, when income rose by 38%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Little Scholars of Arkansas Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within AR. Charities of a similar size with the same main cause include The Seven Hills Schools ($42.3m), Middlesex School ($42.4m) and Beaver Country Day School Inc ($42.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $381k (0.8% of expenses). Other salaries and wages came to $22.9m. At year end it held assets of $72.2m against liabilities of $53.1m, net assets of $19.0m. It reported 643 employees.