Southern Scholarship Foundation Inc

Analysis

Southern Scholarship Foundation Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in March 1957, 69 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, Southern Scholarship Foundation Inc reported income of $1.9m and spending of $2.2m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.9m to $1.9m (-33%), an average of -9.4% a year. The sharpest change came in the year to December 2020, when income dropped by 35%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Southern Scholarship Foundation 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 87th percentile within FL. Charities of a similar size with the same main cause include Renaissance Academy - a School for the Multi Media Arts ($1.9m), Xposure Foundation Inc ($1.9m) and Statewide California Electronic Library Consortium ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 5.7% of the total. Compensation of current officers, directors and key employees was $132k (6.0% of expenses). Other salaries and wages came to $527k. At year end it held assets of $17.0m against liabilities of $1.0m, net assets of $16.0m. It reported 15 employees.