Scholarships to Economically Poorstudents

Analysis

Scholarships to Economically Poorstudents is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in March 2007, 19 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 December 2023, Scholarships to Economically Poorstudents reported income of $167k and spending of $152k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $220k to $167k (-24%), an average of -6.7% a year. The sharpest change came in the year to December 2022, when income rose by 114%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Scholarships to Economically Poorstudents sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within RI. Charities of a similar size with the same main cause include Legacy Education and Community Empowerment Foundation Inc ($167k), Cy-Springs Panther Band Booster Club ($167k) and Spartans Athletic Booster Club Inc ($167k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $20k against liabilities of $0, net assets of $20k.