Shoals Scholar Dollars Foundation Inc

Analysis

Shoals Scholar Dollars Foundation Inc is a registered charity in United States, based in Florence, AL. It received its IRS tax-exemption ruling in January 2012, 14 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, Shoals Scholar Dollars Foundation Inc reported income of $359k and spending of $306k, spending 85% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $138k to $359k (+160%), an average of +27% a year. The sharpest change came in the year to June 2024, when income rose by 77%. Over the whole period it spent 67% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Shoals Scholar Dollars Foundation Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within AL. Charities of a similar size with the same main cause include Owasso Cheerleader Booster Club Ocbc ($359k), Massasoit Community College Foundation Inc ($359k) and Cornerstone Cougars Inc ($359k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 27% of the total. At year end it held assets of $387k against liabilities of $0, net assets of $387k.