Scholarship Assistance Fund

Analysis

Scholarship Assistance Fund is a registered charity in United States, based in Prospect HTS, IL. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Scholarship Assistance Fund reported income of $93k and spending of $86k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $170k to $93k (-45%), an average of -14% a year. The sharpest change came in the year to December 2020, when income dropped by 50%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Scholarship Assistance Fund sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 36th percentile within IL. Charities of a similar size with the same main cause include Erie Maritime Foundation ($93k), Hood River County Library Foundation Inc ($93k) and Oak Park High School Parent Faculty Association ($93k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% of the total. At year end it held assets of $555k against liabilities of $4,140, net assets of $550k.