Ace Scholarship Foundation of New York Inc

Analysis

Ace Scholarship Foundation of New York Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2016, 10 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 2023, Ace Scholarship Foundation of New York Inc reported income of $206k and spending of $132k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $210k to $206k (-1.8%), an average of -0.5% a year. The sharpest change came in the year to December 2022, when income rose by 61%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ace Scholarship Foundation of New York Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Bruin Sig Foundation ($206k), Coleman Elementary School PTO ($206k) and Cyber Texas Foundation Inc ($206k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $244k against liabilities of $0, net assets of $244k.