Community Scholarship Foundation

Analysis

Community Scholarship Foundation is a registered charity in United States, based in Forest Lake, MN. It received its IRS tax-exemption ruling in October 1973, 53 years ago. 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 July 2023, Community Scholarship Foundation reported income of $295k and spending of $282k, spending 95% of its income. Across the 4 years on record, from July 2020 to July 2023, income grew from $226k to $295k (+31%), an average of +9.4% a year. The sharpest change came in the year to July 2023, when income rose by 29%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Scholarship Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within MN. Charities of a similar size with the same main cause include Bengali Association of Greater Dallas Fort Worth ($295k), Cmpa Educational Foundation of the Cincinnati Master Plumbers Associa ($296k) and Big River Broadcasting Corporation ($295k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $560k against liabilities of $0, net assets of $560k.