City Scholars Foundation

Analysis

City Scholars Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 1994, 32 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, City Scholars Foundation reported income of $234k and spending of $283k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $214k to $234k (+9.3%), an average of +2.3% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, City Scholars Foundation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Ullico Foundation ($234k), Needful Provision Inc ($234k) and Potters Hand Christian School ($234k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $125k (44% of expenses). Other salaries and wages came to $98k. At year end it held assets of $845k against liabilities of $411k, net assets of $434k. It reported 5 employees.