The Central Scholarship Bureau Inc

Analysis

The Central Scholarship Bureau Inc is a registered charity in United States, based in Owings Mills, MD. It received its IRS tax-exemption ruling in June 1952, 74 years ago. 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, The Central Scholarship Bureau Inc reported income of $2.3m and spending of $1.9m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $2.3m (+21%), an average of +4.9% a year. The sharpest change came in the year to June 2021, when income rose by 43%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Central Scholarship Bureau Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MD. Charities of a similar size with the same main cause include Bishop Kelly Foundation Inc ($2.3m), The Schoolhouse Learning Center Inc ($2.3m) and Hartville Volunteer Fire Dept Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $176k (9.3% of expenses). Other salaries and wages came to $325k. At year end it held assets of $12.9m against liabilities of $376k, net assets of $12.5m. It reported 7 employees.