Stanley Scholarship Funds Inc

Analysis

Stanley Scholarship Funds Inc is a registered charity in United States, based in Stanley, ND. It received its IRS tax-exemption ruling in May 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 (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, Stanley Scholarship Funds Inc reported income of $144k and spending of $86k, leaving 40% of income unspent that year. Across the 4 years on record, from September 2020 to September 2023, income grew from $121k to $144k (+19%), an average of +6.1% a year. The sharpest change came in the year to September 2022, when income rose by 152%. Over the whole period it spent 62% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Stanley Scholarship Funds Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 38th percentile within ND. Charities of a similar size with the same main cause include Yorba Linda High School Cheer and Song Booster Club ($144k), Green Christian Academy Inc ($144k) and Future Natural Resource Leaders ($144k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 41% of the total. Compensation of current officers, directors and key employees was $3,400 (3.9% of expenses). Other salaries and wages came to $1,368. At year end it held assets of $2.1m against liabilities of $284k, net assets of $1.8m. It reported 2 employees.