AFC Scholarship Foundation Inc

Analysis

AFC Scholarship Foundation Inc is a registered charity in United States, based in Odenton, MD. It received its IRS tax-exemption ruling in April 1990, 36 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 December 2023, AFC Scholarship Foundation Inc reported income of $379k and spending of $379k, spending 100% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $588k to $379k (-35%), an average of -8.4% a year. The sharpest change came in the year to December 2021, when income rose by 6034%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, AFC Scholarship Foundation 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 66th percentile, and in the 65th percentile within MD. Charities of a similar size with the same main cause include Collegiate Pathways Inc ($379k), Crossroads - a Community Homeschool Inc ($379k) and Lincoln Academy of Illinois ($379k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $119k (31% of expenses). At year end it held assets of $30k against liabilities of $30k, net assets of $0. It reported 3 employees.