Karns City Scholastic Foundation Inc

Analysis

Karns City Scholastic Foundation Inc is a registered charity in United States, based in Karns City, PA. It received its IRS tax-exemption ruling in November 2013, 13 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 December 2023, Karns City Scholastic Foundation Inc reported income of $57k and spending of $57k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $62k to $57k (-8.3%), an average of -2.1% a year. The sharpest change came in the year to December 2021, when income rose by 340%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Karns City Scholastic Foundation Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 21st percentile within PA. Charities of a similar size with the same main cause include Gente Unida ($57k), Southern Ca Chapter of Ewha Womans Univ Alumnae ($57k) and Charles England Local 525 Education Scholarship Fund ($57k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $434k against liabilities of $0, net assets of $434k.