Scholarmatch Inc

Analysis

Scholarmatch Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in June 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 September 2023, Scholarmatch Inc reported income of $4.4m and spending of $3.0m, leaving 33% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.8m to $4.4m (+16%), an average of +3.8% a year. The sharpest change came in the year to September 2020, when income rose by 136%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Scholarmatch Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Kinneret Day School Inc ($4.4m), Malheur County Child Development Center ($4.4m) and Cristo Rey Dallas Corporate Work Study Program Inc ($4.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $202k (6.7% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $6.7m against liabilities of $128k, net assets of $6.6m. It reported 25 employees.