Scholars Inc

Analysis

Scholars Inc is a registered charity in United States, based in Harrisburg, PA. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Scholars Inc reported income of $674k and spending of $676k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $235k to $674k (+187%), an average of +30% a year. The sharpest change came in the year to December 2020, when income rose by 166%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Scholars Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within PA. Charities of a similar size with the same main cause include Abingdon Senior Housing Inc ($674k), Cmhi Property Management Inc ($675k) and Ada Homes Inc ($674k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $47k (6.9% of expenses). Other salaries and wages came to $64k. At year end it held assets of $462k against liabilities of $281k, net assets of $181k. It reported 5 employees.