Coca-Cola Scholars Foundation Inc

Analysis

Coca-Cola Scholars Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in September 1986, 40 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, Coca-Cola Scholars Foundation Inc reported income of $6.2m and spending of $7.2m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.2m to $6.2m (+92%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 1334%. Over the whole period it spent 53% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Coca-Cola Scholars Foundation Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within GA. Charities of a similar size with the same main cause include Windsor Bergen Academy Inc ($6.2m), Imagine Educational Foundation ($6.2m) and Los Angeles Academy of Arts and Enterprise ($6.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% of the total. Compensation of current officers, directors and key employees was $510k (7.0% of expenses). Other salaries and wages came to $595k. It paid $14k in professional fundraising fees. At year end it held assets of $69.9m against liabilities of $358k, net assets of $69.5m. It reported 9 employees.