Atlas Scholars

Analysis

Atlas Scholars is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover employment, which this site groups under community and economic 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, Atlas Scholars reported income of $294k and spending of $366k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $721k to $294k (-59%), an average of -20% a year. The sharpest change came in the year to December 2021, when income dropped by 44%. Over the whole period it spent 58% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Atlas Scholars sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include Preservation ($294k), Multiply Goodness ($294k) and Good Grief Network ($294k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% of the total. Other salaries and wages came to $128k. At year end it held assets of $1.3m against liabilities of $500, net assets of $1.3m. It reported 2 employees.