Scholars Academy Foundation for the Gifted

Analysis

Scholars Academy Foundation for the Gifted is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Scholars Academy Foundation for the Gifted reported income of $400k and spending of $62k, leaving 85% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $357k to $400k (+12%), an average of +12% a year. Over the whole period it spent 53% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Scholars Academy Foundation for the Gifted sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within NC. Charities of a similar size with the same main cause include International Union of Operating Engineers Local 825 Scholarship Fu ($400k), Carthage R-9 School Foundation ($400k) and Animas High School Building Corporation ($400k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $359k against liabilities of $0, net assets of $359k.