Sponsors for Academic Talent Inc

Analysis

Sponsors for Academic Talent Inc is a registered charity in United States, based in Jacksonville, NC. It received its IRS tax-exemption ruling in August 1992, 34 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, Sponsors for Academic Talent Inc reported income of $311k and spending of $47k, leaving 85% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $116k to $311k (+169%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 198%. 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, Sponsors for Academic Talent Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within NC. Charities of a similar size with the same main cause include Deer Park Educational Foundation ($311k), Emerging Venture Capitalists Association ($311k) and College Properties of Oberlin Inc ($311k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $878k against liabilities of $0, net assets of $878k.