Children Scholarship Fund Philadelphia

Analysis

Children Scholarship Fund Philadelphia is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 2001, 25 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, Children Scholarship Fund Philadelphia reported income of $16.1m and spending of $15.6m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $15.8m to $16.1m (+1.9%), an average of +0.5% a year. The sharpest change came in the year to December 2020, when income dropped by 30%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Children Scholarship Fund Philadelphia sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within PA. Charities of a similar size with the same main cause include Sayre School ($16.1m), Presentation College ($16.1m) and Northpointe Christian Schools ($16.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $212k (1.4% of expenses). Other salaries and wages came to $1.2m. It paid $116k in professional fundraising fees. At year end it held assets of $27.6m against liabilities of $1.2m, net assets of $26.4m. It reported 22 employees.