Adirondack Scholarship Foundation Inc

Analysis

Adirondack Scholarship Foundation Inc is a registered charity in United States, based in Plattsburgh, NY. It received its IRS tax-exemption ruling in May 1980, 46 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, Adirondack Scholarship Foundation Inc reported income of $198k and spending of $171k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $273k to $198k (-28%), an average of -7.8% a year. The sharpest change came in the year to December 2022, when income rose by 219%. Over the whole period it spent 44% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Adirondack Scholarship Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Christian Scholarship Fund of Arizona ($198k), Community Christian School of Pampa Inc ($198k) and Foundation for Rural Education Excellence Inc ($198k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. Compensation of current officers, directors and key employees was $10k (5.8% of expenses). At year end it held assets of $1.6m against liabilities of $941, net assets of $1.6m.