The Scholarship Academy

Analysis

The Scholarship Academy is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in October 2006, 20 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 2023, The Scholarship Academy reported income of $858k and spending of $992k, spending 116% of what it took in. Across the 3 years on record, from August 2021 to August 2023, income grew from $540k to $858k (+59%), an average of +26% a year. The sharpest change came in the year to August 2022, when income rose by 76%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Scholarship Academy sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within GA. Charities of a similar size with the same main cause include Kansas Bioscience Organization ($858k), Paducah Public Schools Foundation Inc ($858k) and Indi-Ed Foundation Inc ($858k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 91% and program service revenue 9.3% of the total. Compensation of current officers, directors and key employees was $118k (12% of expenses). Other salaries and wages came to $471k. At year end it held assets of $520k against liabilities of $32k, net assets of $487k. It reported 33 employees.