Core Scholars

Analysis

Core Scholars is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in March 2019, 7 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, Core Scholars reported income of $247k and spending of $215k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $349k to $247k (-29%), an average of -8.3% a year. The sharpest change came in the year to December 2021, when income rose by 776%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Core Scholars sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within PA. Charities of a similar size with the same main cause include Arkansas Rural Ed Association ($247k), South Carolina First Steps to School Readiness Board of Trustees ($247k) and HNS Conference ($247k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $55k (26% of expenses). Other salaries and wages came to $70k. At year end it held assets of $5.4m against liabilities of $260k, net assets of $5.1m. It reported 5 employees.