Americas Scholarship Konnection Inc

Analysis

Americas Scholarship Konnection Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in May 2016, 10 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, Americas Scholarship Konnection Inc reported income of $1.1m and spending of $1.1m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.1m (+10%), an average of +2.4% a year. The sharpest change came in the year to December 2021, when income rose by 85%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Americas Scholarship Konnection Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within AZ. Charities of a similar size with the same main cause include Mount Zion Christian Schools Inc ($1.1m), Renaissance Preschool Inc ($1.1m) and Hillel the Foundation for Jewish Campus Life ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $90k. It paid $20k in professional fundraising fees. At year end it held assets of $4.6m against liabilities of $1.2m, net assets of $3.4m. It reported 2 employees.