Scholarship Foundation of East Providence Inc

Analysis

Scholarship Foundation of East Providence Inc is a registered charity in United States, based in Riverside, RI. It received its IRS tax-exemption ruling in August 2014, 12 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, Scholarship Foundation of East Providence Inc reported income of $238k and spending of $222k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $239k to $238k (-0.7%), an average of -0.2% a year. The sharpest change came in the year to December 2020, when income rose by 69%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Scholarship Foundation of East Providence Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within RI. Charities of a similar size with the same main cause include Holy Spirit Educational Foundation Inc ($238k), Academy for Surgical Coaching Inc ($238k) and Children of Promise Child Care Ministry Inc ($238k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% of the total. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m.