Indiana Alpha Student Scholarship Foundation Inc

Analysis

Indiana Alpha Student Scholarship Foundation Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in August 1954, 72 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Indiana Alpha Student Scholarship Foundation Inc reported income of $490k and spending of $4,700, leaving 99% of income unspent that year. Across the 4 years on record, from June 2019 to June 2022, income grew from $217k to $490k (+126%), an average of +31% a year. The sharpest change came in the year to June 2022, when income rose by 335%. Over the whole period it spent 2.7% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Indiana Alpha Student Scholarship Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MN. Charities of a similar size with the same main cause include Little Voyageurs Montessori School Inc ($490k), One Aim Illinois ($490k) and Christian School Association of Westchester Inc ($490k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 83% of the total. At year end it held assets of $1.6m against liabilities of $123k, net assets of $1.5m.