The Arkansas Single Parent Scholarship Fund

Analysis

The Arkansas Single Parent Scholarship Fund is a registered charity in United States, based in N Little Rock, AR. It received its IRS tax-exemption ruling in November 1991, 35 years ago. 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, The Arkansas Single Parent Scholarship Fund reported income of $1.3m and spending of $3.0m, spending 223% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $1.3m (-25%), an average of -6.8% a year. The sharpest change came in the year to December 2021, when income rose by 176%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Arkansas Single Parent Scholarship Fund sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within AR. Charities of a similar size with the same main cause include Chicago Youth Programs Inc ($1.3m), Good Shepherd Corporation Iowa City Iowa ($1.3m) and Southern Illinois Coalition for the Homeless ($1.3m).

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 $124k (4.2% of expenses). Other salaries and wages came to $938k. At year end it held assets of $8.1m against liabilities of $180k, net assets of $8.0m. It reported 22 employees.