Schola Foundation

Analysis

Schola Foundation is a registered charity in United States, based in Mankato, MN. It received its IRS tax-exemption ruling in October 1975, 51 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 June 2023, Schola Foundation reported income of $917k and spending of $1.3m, spending 139% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $917k (-32%), an average of -9.1% a year. The sharpest change came in the year to June 2021, when income rose by 485%. Over the whole period it spent 40% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Schola Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MN. Charities of a similar size with the same main cause include Hypersomnia Foundation ($917k), Rochester Regional Library Council ($917k) and Chico Community Scholarship Associaton ($917k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $11.9m against liabilities of $3.8m, net assets of $8.1m.