Scholar Fund

Analysis

Scholar Fund is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Scholar Fund reported income of $6.4m and spending of $6.1m, spending 96% of its income. Across the 3 years on record, from December 2020 to December 2022, income fell from $15.1m to $6.4m (-58%), an average of -35% a year. The sharpest change came in the year to December 2021, when income rose by 86%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Scholar Fund sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within WA. Charities of a similar size with the same main cause include Colorado High School Activities Association ($6.4m), Legacy Traditional School - North Phoenix ($6.4m) and Theresa Hessling Charter School Project ($6.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 3.3% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $656k (11% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $17.3m against liabilities of $14.2m, net assets of $3.1m. It reported 29 employees.