Scholarmade Achievement Place of Arkansas

Analysis

Scholarmade Achievement Place of Arkansas is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Scholarmade Achievement Place of Arkansas reported income of $6.3m and spending of $6.2m, spending 98% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $3.0m to $6.3m (+108%), an average of +28% a year. The sharpest change came in the year to June 2022, when income rose by 41%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Scholarmade Achievement Place of Arkansas 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 93rd percentile within AR. Charities of a similar size with the same main cause include Center for American and International Law ($6.3m), University of North Georgia Real Estate Foundation Inc ($6.3m) and Pioneer Valley Waldorf School Association Inc ($6.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $175k (2.8% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $595k against liabilities of $26k, net assets of $569k. It reported 74 employees.