Governors Scholars Program Foundation Inc

Analysis

Governors Scholars Program Foundation Inc is a registered charity in United States, based in Frankfort, KY. It received its IRS tax-exemption ruling in October 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Governors Scholars Program Foundation Inc reported income of $559k and spending of $690k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $606k to $559k (-7.8%), an average of -2.0% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Governors Scholars Program Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within KY. Charities of a similar size with the same main cause include Baroda Medical College Foundation Inc ($558k), High Tech High Foundation ($559k) and American Friends of Ora Vesimcha ($558k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. Compensation of current officers, directors and key employees was $138k (20% of expenses). At year end it held assets of $4.0m against liabilities of $24k, net assets of $3.9m. It reported 1 employees.