Scholarmade Educational Services

Analysis

Scholarmade Educational Services is a registered charity in United States, based in Little Rock, AR. 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Scholarmade Educational Services reported income of $150k and spending of $150k, spending 100% of its income. Across the 2 years on record, from June 2019 to June 2023, income fell from $703k to $150k (-79%), an average of -79% a year. The sharpest change came in the year to June 2023, when income dropped by 79%. Over the whole period it spent 113% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Scholarmade Educational Services sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within AR. Charities of a similar size with the same main cause include Dallas Local Organizing Committee Inc ($150k), Cedartown Gridiron Club Inc ($150k) and Frankfort School District 157c Foundation ($150k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.