Central Pennsylvania Scholarship Fund

Analysis

Central Pennsylvania Scholarship Fund is a registered charity in United States, based in Tyrone, PA. It received its IRS tax-exemption ruling in December 2012, 14 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, Central Pennsylvania Scholarship Fund reported income of $69.6m and spending of $55.2m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $30.2m to $69.6m (+131%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Central Pennsylvania Scholarship Fund sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include Lifelong Learning Administration Corporation ($69.4m), Project Lead the Way Inc ($69.7m) and Virginia Early Childhood Foundation ($69.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $183k (0.3% of expenses). Other salaries and wages came to $77k. At year end it held assets of $68.4m against liabilities of $0, net assets of $68.4m. It reported 7 employees.