Scholarship Plug Inc

Analysis

Scholarship Plug Inc is a registered charity in United States, based in Lauderhill, FL. It received its IRS tax-exemption ruling in June 2022, 4 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, Scholarship Plug Inc reported income of $59k and spending of $44k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $5,110 to $59k (+1064%), an average of +1064% a year. The sharpest change came in the year to December 2023, when income rose by 1064%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Scholarship Plug Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 27th percentile within FL. Charities of a similar size with the same main cause include Sky Pointe PTO ($59k), Southside Isd Education Foundation ($59k) and Noble Education Institute Inc ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 41% of the total. At year end it held assets of $38k against liabilities of $0, net assets of $38k.