Scholars Hope Foundation

Analysis

Scholars Hope Foundation is a registered charity in United States, based in Garden Grove, CA. It received its IRS tax-exemption ruling in December 2000, 26 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, Scholars Hope Foundation reported income of $318k and spending of $300k, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $318k (-71%), an average of -27% a year. The sharpest change came in the year to June 2020, when income dropped by 67%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Scholars Hope Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include San Diego County Theatrical Training Fund ($318k), Roots Eitz Chaim Inc ($318k) and Harmony Day Montessori School ($318k).

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 $141k (47% of expenses). Other salaries and wages came to $80k. At year end it held assets of $781k against liabilities of $45k, net assets of $736k. It reported 7 employees.