Alyn Scholarship Fund Inc

Analysis

Alyn Scholarship Fund Inc is a registered charity in United States, based in Douglas, GA. It received its IRS tax-exemption ruling in August 2023, 3 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 2022, Alyn Scholarship Fund Inc reported income of $892k and spending of $1.2m, spending 138% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $552k to $892k (+62%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 61%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Alyn Scholarship Fund Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within GA. Charities of a similar size with the same main cause include American Friends of Ariel Inc ($892k), Seeds for Autism ($892k) and Names Not Numbers Inc ($892k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $40k (3.3% of expenses). Other salaries and wages came to $2,400. At year end it held assets of $332k against liabilities of $0, net assets of $332k. It reported 2 employees.