Scholarship Fund Of Alexandria
Scholarship Fund Of Alexandria consistently operates with no officer compensation and maintains healthy financial reserves.
EIN: 200031464 · Alexandria, VA · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.5M |
| Total Expenses | $1.8M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $8 |
| Net Assets | $7.9M |
| Transparency Score | 95/100 |
Is Scholarship Fund Of Alexandria Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Scholarship Fund Of Alexandria directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Scholarship Fund Of Alexandria
Scholarship Fund Of Alexandria (EIN: 200031464) is a nonprofit organization based in Alexandria, VA, classified under NTEE code B82. The organization reported total revenue of $3.5M and total assets of $9.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Scholarship Fund Of Alexandria's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Scholarship Fund Of Alexandria is a mid-size nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 6.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$104K |
| Total Assets | $8.0M |
| Total Liabilities | $139K |
| Net Assets | $7.9M |
| Operating Margin | 5.4% |
| Debt-to-Asset Ratio | 1.7% |
| Months of Reserves | 53.0 months |
Financial Health Grade: A
In 2023, Scholarship Fund Of Alexandria reported a surplus of $104K with revenue exceeding expenses, holds 53.0 months of operating reserves (strong position), has a debt-to-asset ratio of 1.7% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2023), Scholarship Fund Of Alexandria's revenue has grown at a compound annual growth rate (CAGR) of 6.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -27.4% | +2.5% | +6.5% |
| 2022 | +8.5% | +14.7% | -9.2% |
| 2021 | +48.8% | +18.8% | +27.4% |
| 2020 | +25.8% | +3.8% | +10.1% |
| 2019 | -42.4% | +15.1% | -1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Scholarship Fund Of Alexandria with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Scholarship Fund Of Alexandria allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $104K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is highly unusual for an organization with assets exceeding $8 million and annual revenues often over $2 million, suggesting a volunteer-led executive team or compensation is covered by an affiliated entity, which enhances the proportion of funds directly supporting the mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Scholarship Fund Of Alexandria:
- Consistent 0% officer compensation, maximizing funds for programs.
- Strong and growing asset base, increasing from $5,928,248 in 2019 to $8,042,863 in 2023.
- Low liabilities relative to assets, indicating strong financial health.
- Consistent surpluses in recent years (e.g., $103,610 in 2023, $875,569 in 2022).
- Long history of IRS 990 filings (13 filings), demonstrating transparency and accountability.
Frequently Asked Questions about Scholarship Fund Of Alexandria
Is Scholarship Fund Of Alexandria a legitimate charity?
Based on AI analysis of IRS 990 filings, Scholarship Fund Of Alexandria (EIN: 200031464) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Scholarship Fund Of Alexandria spend its money?
Scholarship Fund Of Alexandria directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Scholarship Fund Of Alexandria tax-deductible?
Scholarship Fund Of Alexandria is registered as a tax-exempt nonprofit (EIN: 200031464). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Scholarship Fund Of Alexandria CEO make?
Scholarship Fund Of Alexandria's highest-compensated officer earns $8 annually. The organization reported $3.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Scholarship Fund Of Alexandria's spending goes to programs?
Scholarship Fund Of Alexandria directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Scholarship Fund Of Alexandria compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Scholarship Fund Of Alexandria is above average for NTEE category B82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Scholarship Fund Of Alexandria located?
Scholarship Fund Of Alexandria is headquartered in Alexandria, Virginia and files with the IRS under EIN 200031464. It is classified under NTEE code B82.
How many years of IRS 990 filings does Scholarship Fund Of Alexandria have?
Scholarship Fund Of Alexandria has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.5M in total revenue.
How does Scholarship Fund Of Alexandria manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation across all 13 filings suggests that executive leadership may be entirely volunteer-based or compensated through an affiliated entity, allowing more funds to be directed to scholarships.
What is the trend in the organization's net assets?
Net assets have shown a strong upward trend, growing from $5,928,248 in 2019 to $8,042,863 in 2023, indicating healthy financial growth and accumulation of reserves.
Is the organization financially stable given its revenue fluctuations?
Despite some revenue fluctuations (e.g., $2,653,854 in 2022 vs. $1,925,799 in 2023), the organization consistently maintains low liabilities relative to assets and often generates surpluses, demonstrating strong financial stability and prudent management.
What percentage of expenses go directly to programs?
While a detailed functional expense breakdown isn't provided, the 0% officer compensation strongly implies a very high percentage of expenses are directed towards programs. Based on typical non-profit operations, an estimated 90% program spending is reasonable given this fact.
How does the organization's asset growth compare to its revenue growth?
The organization's assets have grown significantly from $3,767,818 in 2015 to $8,042,863 in 2023, while revenue has also generally increased, indicating effective fundraising and asset management that outpaces expenses.
Filing History
IRS 990 filing history for Scholarship Fund Of Alexandria showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2023), Scholarship Fund Of Alexandria's revenue has grown by 98%, moving from $973K to $1.9M. Total assets increased by 109.9% over the same period, from $3.8M to $8.0M. Total functional expenses rose by 104.2%, from $892K to $1.8M. In its most recent filing year (2023), Scholarship Fund Of Alexandria reported a surplus of $104K, with revenue exceeding expenses. The organization holds $139K in liabilities against $8.0M in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $7.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $1.8M | $8.0M | $139K | — | View 990 |
| 2022 | $2.7M | $1.8M | $7.6M | $258K | — | View 990 |
| 2021 | $2.4M | $1.5M | $8.3M | $111K | — | — |
| 2020 | $1.6M | $1.3M | $6.5M | $172K | — | View 990 |
| 2019 | $1.3M | $1.3M | $5.9M | $63K | — | View 990 |
| 2018 | $2.3M | $1.1M | $6.0M | $59K | — | View 990 |
| 2017 | $1.3M | $1.1M | $4.7M | $96K | — | View 990 |
| 2016 | $1.1M | $1.0M | $4.1M | $34K | — | View 990 |
| 2015 | $1.0M | $1.0M | $3.8M | $11K | — | View 990 |
| 2014 | $26K | $523K | $4.1M | $24K | — | View 990 |
| 2014 | $987K | $909K | $4.7M | $82K | — | View 990 |
| 2013 | $1.1M | $923K | $4.3M | $167K | — | View 990 |
| 2012 | $973K | $892K | $3.8M | $158K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $1.8M, and assets of $8.0M (revenue -27.4% year-over-year).
- 2022: Revenue of $2.7M, expenses of $1.8M, and assets of $7.6M (revenue +8.5% year-over-year).
- 2021: Revenue of $2.4M, expenses of $1.5M, and assets of $8.3M (revenue +48.8% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.3M, and assets of $6.5M (revenue +25.8% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.3M, and assets of $5.9M (revenue -42.4% year-over-year).
- 2018: Revenue of $2.3M, expenses of $1.1M, and assets of $6.0M (revenue +79.3% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.1M, and assets of $4.7M (revenue +15.4% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.0M, and assets of $4.1M (revenue +6.6% year-over-year).
- 2015: Revenue of $1.0M, expenses of $1.0M, and assets of $3.8M (revenue +3791.1% year-over-year).
- 2014: Revenue of $26K, expenses of $523K, and assets of $4.1M (revenue -97.3% year-over-year).
- 2014: Revenue of $987K, expenses of $909K, and assets of $4.7M (revenue -6.4% year-over-year).
- 2013: Revenue of $1.1M, expenses of $923K, and assets of $4.3M (revenue +8.5% year-over-year).
- 2012: Revenue of $973K, expenses of $892K, and assets of $3.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Scholarship Fund Of Alexandria:
Data Sources and Methodology
This transparency report for Scholarship Fund Of Alexandria is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.