Carson Scholars Fund Inc

Analysis

Carson Scholars Fund Inc is a registered charity in United States, based in Towson, MD. It received its IRS tax-exemption ruling in June 1994, 32 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 2024, Carson Scholars Fund Inc reported income of $2.0m and spending of $2.3m, spending 117% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.7m to $2.0m (+16%), an average of +3.7% a year. Over the whole period it spent 107% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Carson Scholars Fund Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within MD. Charities of a similar size with the same main cause include Educated Choices Program Inc ($2.0m), Springville Community and Rural Foundation Inc ($2.0m) and Coconino County Community College Foundation ($2.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 59% and program service revenue 6.7% of the total. Compensation of current officers, directors and key employees was $284k (12% of expenses). Other salaries and wages came to $407k. At year end it held assets of $16.4m against liabilities of $3.4m, net assets of $13.0m. It reported 14 employees.