Southern Alumni Scholarship Foundation Inc

Analysis

Southern Alumni Scholarship Foundation Inc is a registered charity in United States, based in Galesville, MD. It received its IRS tax-exemption ruling in March 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 2022, Southern Alumni Scholarship Foundation Inc reported income of $56k and spending of $34k, leaving 39% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $61k to $56k (-8.5%), an average of -2.9% a year. The sharpest change came in the year to December 2022, when income rose by 70%. 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, Southern Alumni Scholarship Foundation Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within MD. Charities of a similar size with the same main cause include New York Insurance Shroleship Foundation Inc ($56k), Stanton Community Partners ($56k) and Philadelphia Meditation Center Inc ($56k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $23k against liabilities of $0, net assets of $23k.