Scholastic Interest Group Foundation Inc

Analysis

Scholastic Interest Group Foundation Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in March 2013, 13 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Scholastic Interest Group Foundation Inc reported income of $121k and spending of $113k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $181k to $121k (-33%), an average of -33% a year. The sharpest change came in the year to December 2023, when income dropped by 33%. Over the whole period it spent 73% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Scholastic Interest Group Foundation Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 44th percentile within CA. Charities of a similar size with the same main cause include Edrice Adebayo Foundation Inc ($121k), Discovery Youth Foundation Inc ($121k) and Washington C L U B Charity Golf Classic ($121k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. At year end it held assets of $154k against liabilities of $5,337, net assets of $149k.