Cincinnati Scholarship Foundation

Analysis

Cincinnati Scholarship Foundation is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in October 1951, 75 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 June 2023, Cincinnati Scholarship Foundation reported income of $1.8m and spending of $2.1m, spending 117% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.8m to $1.8m (+1.6%), an average of +0.5% a year. The sharpest change came in the year to June 2023, when income dropped by 38%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cincinnati Scholarship Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within OH. Charities of a similar size with the same main cause include Big Brothers Big Sisters of New Hampshire ($1.8m), Colleyville Soccer Association ($1.8m) and William Foxwell Albright Institute of Archaeological Research in Jeru ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $169k (7.9% of expenses). Other salaries and wages came to $72k. At year end it held assets of $5.5m against liabilities of $60k, net assets of $5.4m. It reported 5 employees.