Scholars of Finance

Analysis

Scholars of Finance is a registered charity in United States, based in St Louis Park, MN. It received its IRS tax-exemption ruling in September 2017, 9 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 2023, Scholars of Finance reported income of $2.3m and spending of $1.7m, leaving 26% of income unspent that year. Across the 5 years on record, from August 2020 to December 2023, income grew from $285k to $2.3m (+689%), an average of +68% a year. The sharpest change came in the year to December 2021, when income rose by 917%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Scholars of Finance sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MN. Charities of a similar size with the same main cause include Constellation Schools Westpark Community Middle ($2.3m), Camellia Waldorf School ($2.3m) and Choix Vocational Services ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $493k (29% of expenses). Other salaries and wages came to $368k. At year end it held assets of $2.6m against liabilities of $94k, net assets of $2.5m. It reported 21 employees.