Scholarship Fund of Alexandria

Analysis

Scholarship Fund of Alexandria is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in July 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 September 2023, Scholarship Fund of Alexandria reported income of $1.9m and spending of $1.8m, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.3m to $1.9m (+47%), an average of +10% a year. The sharpest change came in the year to September 2021, when income rose by 49%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Scholarship Fund of Alexandria sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within VA. Charities of a similar size with the same main cause include Local Union No 125 Jatc Fund ($1.9m), Billie Jean King Foundation ($1.9m) and John a Gupton College ($1.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 78% of the total. Other salaries and wages came to $294k. At year end it held assets of $8.0m against liabilities of $139k, net assets of $7.9m. It reported 10 employees.