Samuel Ready Scholarships Inc

Analysis

Samuel Ready Scholarships Inc is a registered charity in United States, based in Riderwood, MD. It received its IRS tax-exemption ruling in August 1935, 91 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Samuel Ready Scholarships Inc reported income of $935k and spending of $1.0m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $969k to $935k (-3.5%), an average of -0.9% a year. The sharpest change came in the year to June 2021, when income rose by 113%. 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, Samuel Ready Scholarships Inc 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 78th percentile within MD. Charities of a similar size with the same main cause include Academy of Sports Science ($935k), Albany Can Code Inc ($935k) and Nywici Foundation Inc ($934k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 0.0% of the total. Other salaries and wages came to $70k. At year end it held assets of $19.8m against liabilities of $744, net assets of $19.8m. It reported 4 employees.