A Pay It Forward Scholarship Corporation

Analysis

A Pay It Forward Scholarship Corporation is a registered charity in United States, based in Gainesville, GA. It received its IRS tax-exemption ruling in May 2011, 15 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 2023, A Pay It Forward Scholarship Corporation reported income of $1.5m and spending of $1.3m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $910k to $1.5m (+70%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 74%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, A Pay It Forward Scholarship Corporation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within GA. Charities of a similar size with the same main cause include Center for Marine Education & Recreation at Oyster Bay Inc ($1.5m), Gti Hope ($1.5m) and Vermont Association of the Education of Young Children ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $112k (8.4% of expenses). At year end it held assets of $445k against liabilities of $0, net assets of $445k. It reported 2 employees.