The Childrens Scholarship Fund

Analysis

The Childrens Scholarship Fund is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 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 August 2024, The Childrens Scholarship Fund reported income of $29.6m and spending of $24.6m, spending 83% of its income. Across the 6 years on record, from August 2019 to August 2024, income grew from $26.1m to $29.6m (+13%), an average of +2.5% a year. The sharpest change came in the year to August 2024, when income rose by 18%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Childrens Scholarship Fund sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Algiers Charter School Association Inc ($29.6m), Santa Fe Indian School ($29.6m) and Chinese American International School ($29.6m).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 88% and program service revenue 5.3% of the total. Compensation of current officers, directors and key employees was $1.3m (5.2% of expenses). Other salaries and wages came to $1.4m. It paid $111k in professional fundraising fees. At year end it held assets of $55.7m against liabilities of $15.4m, net assets of $40.3m. It reported 23 employees.