Saratoga Sponsor-A-Scholar

Analysis

Saratoga Sponsor-A-Scholar is a registered charity in United States, based in Saratoga SPGS, NY. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Saratoga Sponsor-A-Scholar reported income of $392k and spending of $217k, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $322k to $392k (+22%), an average of +5.0% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 48% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Saratoga Sponsor-A-Scholar sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Portland Drama Club ($392k), Pocket Opera Inc ($392k) and Theatre Forty Inc ($392k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $35k (16% of expenses). At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m.