Single Parent Scholarship Fund of Northwest Arkansas Inc

Analysis

Single Parent Scholarship Fund of Northwest Arkansas Inc is a registered charity in United States, based in Bentonville, AR. It received its IRS tax-exemption ruling in September 2002, 24 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 June 2023, Single Parent Scholarship Fund of Northwest Arkansas Inc reported income of $2.7m and spending of $2.7m, spending 98% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $1.6m to $2.7m (+68%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 188%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Single Parent Scholarship Fund of Northwest Arkansas Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within AR. Charities of a similar size with the same main cause include Sonoma Charter School Inc ($2.7m), Leiby S Hall Scholarship TR ($2.7m) and Denver Kids Inc ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $104k (3.9% of expenses). Other salaries and wages came to $912k. At year end it held assets of $13.4m against liabilities of $473k, net assets of $12.9m. It reported 14 employees.