Carroll Scholarship Foundation Inc

Analysis

Carroll Scholarship Foundation Inc is a registered charity in United States, based in Hillsville, VA. It received its IRS tax-exemption ruling in September 2004, 22 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 July 2024, Carroll Scholarship Foundation Inc reported income of $217k and spending of $53k, leaving 76% of income unspent that year. Across the 4 years on record, from July 2021 to July 2024, income grew from $215k to $217k (+0.9%), an average of +0.3% a year. The sharpest change came in the year to July 2023, when income rose by 1700%. Over the whole period it spent 39% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Carroll Scholarship Foundation Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within VA. Charities of a similar size with the same main cause include Endowment Fund of the Hopkinsville Christian County Public Library ($217k), Granby Play Days Preschool ($217k) and W Va Farm Bureau Foundation Inc ($217k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 9.7% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.