Aaa Scholarship Foundation Inc

Analysis

Aaa Scholarship Foundation Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in September 2010, 16 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 June 2024, Aaa Scholarship Foundation Inc reported income of $180.4m and spending of $143.0m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $46.8m to $180.4m (+285%), an average of +40% a year. The sharpest change came in the year to June 2022, when income rose by 102%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Aaa Scholarship Foundation Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within FL. Charities of a similar size with the same main cause include Wikimedia Foundation Org ($180.2m), Juilliard School ($181.2m) and Stonehill College Inc ($180.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $93k (0.1% of expenses). Other salaries and wages came to $859k. It paid $1.0m in professional fundraising fees. At year end it held assets of $176.2m against liabilities of $94.7m, net assets of $81.5m. It reported 23 employees.