5 Strong Scholarship Foundation

Analysis

5 Strong Scholarship Foundation is a registered charity in United States, based in College Park, GA. It received its IRS tax-exemption ruling in February 2015, 11 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, 5 Strong Scholarship Foundation reported income of $474k and spending of $317k, leaving 33% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $355k to $474k (+34%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, 5 Strong Scholarship Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 73rd percentile within GA. Charities of a similar size with the same main cause include Aberdeen Public Schools Foundation Inc ($474k), Brush Creek Family Services Inc ($474k) and Vista Ridge High School Athletic Booster Club ($474k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $160k (50% of expenses). At year end it held assets of $368k against liabilities of $7,578, net assets of $360k.