Army Scholarship Foundation Inc

Analysis

Army Scholarship Foundation Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in July 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 December 2023, Army Scholarship Foundation Inc reported income of $728k and spending of $435k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $293k to $728k (+148%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Army Scholarship Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Nurses MC ($727k), Sheet Metal Workers International Scholarship Fund ($728k) and Living Word Christian Academy and Daycare Inc ($727k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $1.6m against liabilities of $2,255, net assets of $1.6m.