Federal Student Scholarship Organization

Analysis

Federal Student Scholarship Organization is a registered charity in United States, based in Cumming, GA. It received its IRS tax-exemption ruling in November 2008, 18 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, Federal Student Scholarship Organization reported income of $14.0m and spending of $12.5m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.5m to $14.0m (+88%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Federal Student Scholarship Organization 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 96th percentile, and in the 97th percentile within GA. Charities of a similar size with the same main cause include Lake County Public Library ($14.0m), BDC a Public Charter School Inc ($14.0m) and The Opportunity Trust ($14.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $333k (2.7% of expenses). Other salaries and wages came to $232k. At year end it held assets of $5.3m against liabilities of $13k, net assets of $5.3m. It reported 6 employees.