American Foreign Service Association Scholarship Fund

Analysis

American Foreign Service Association Scholarship Fund is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 1972, 54 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, American Foreign Service Association Scholarship Fund reported income of $2.6m and spending of $643k, leaving 75% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $652k to $2.6m (+296%), an average of +41% a year. The sharpest change came in the year to December 2023, when income rose by 378%. Over the whole period it spent 54% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, American Foreign Service Association Scholarship Fund sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 71st percentile within DC. Charities of a similar size with the same main cause include American Fund for Emmanuel ($2.6m), Literacy Center of West Michigan ($2.6m) and 826 Boston Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.3% of the total. Compensation of current officers, directors and key employees was $44k (6.8% of expenses). Other salaries and wages came to $90k. At year end it held assets of $17.2m against liabilities of $4.1m, net assets of $13.0m.