Scholarships To Economically Poorstudents
Scholarships To Economically Poorstudents consistently spends nearly all revenue on programs with no officer compensation.
EIN: 205059603 · Providence, RI · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $152K |
| Program Spending | 95% |
| CEO/Top Officer Pay | $99,000 |
| Net Assets | $20K |
| Transparency Score | 90/100 |
Is Scholarships To Economically Poorstudents Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Scholarships To Economically Poorstudents directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Scholarships To Economically Poorstudents
Scholarships To Economically Poorstudents (EIN: 205059603) is a nonprofit organization based in Providence, RI, classified under NTEE code B82. The organization reported total revenue of $0 and total assets of $5K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Scholarships To Economically Poorstudents's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Scholarships To Economically Poorstudents is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $167K |
| Total Expenses | $152K |
| Surplus / Deficit | +$15K |
| Total Assets | $20K |
| Net Assets | $20K |
| Operating Margin | 9.2% |
| Months of Reserves | 1.6 months |
Financial Health Grade: A
In 2023, Scholarships To Economically Poorstudents reported a surplus of $15K with revenue exceeding expenses, holds 1.6 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Scholarships To Economically Poorstudents's revenue has grown at a compound annual growth rate (CAGR) of 1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -21.2% | -27.7% | +307.7% |
| 2022 | +114.0% | +108.8% | +78.6% |
| 2021 | -63.2% | -62.6% | -33.9% |
| 2020 | +22.2% | +14.2% | +22.3% |
| 2019 | -27.5% | -23.1% | -81.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Scholarships To Economically Poorstudents with a Mission Score of 90 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Scholarships To Economically Poorstudents allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $15K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating a volunteer-led organization or that compensation falls below reporting thresholds, which is highly efficient for an organization of its size with revenues ranging from $99,000 to over $600,000 annually.
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.
Red Flags
The following concerns were identified during AI analysis of Scholarships To Economically Poorstudents's IRS 990 filings:
- Minimal accumulation of net assets, potentially limiting long-term resilience
- Significant year-over-year revenue fluctuations, indicating potential funding instability
Strengths
The following positive indicators were identified for Scholarships To Economically Poorstudents:
- Consistent high program spending ratio (e.g., expenses of $151,539 against $166,908 revenue in 2023)
- Zero reported officer compensation across all filings, indicating efficient use of funds
- No reported liabilities, suggesting sound financial management
- Clear focus on mission delivery by spending nearly all revenue annually
Frequently Asked Questions about Scholarships To Economically Poorstudents
Is Scholarships To Economically Poorstudents a legitimate charity?
Based on AI analysis of IRS 990 filings, Scholarships To Economically Poorstudents (EIN: 205059603) some concerns. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
How does Scholarships To Economically Poorstudents spend its money?
Scholarships To Economically Poorstudents directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Scholarships To Economically Poorstudents tax-deductible?
Scholarships To Economically Poorstudents is registered as a tax-exempt nonprofit (EIN: 205059603). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Scholarships To Economically Poorstudents CEO make?
Scholarships To Economically Poorstudents's highest-compensated officer earns $99,000 annually. Executive compensation data is disclosed in IRS 990 filings.
How does Scholarships To Economically Poorstudents compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Scholarships To Economically Poorstudents 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 Scholarships To Economically Poorstudents located?
Scholarships To Economically Poorstudents is headquartered in Providence, Rhode Island and files with the IRS under EIN 205059603. It is classified under NTEE code B82.
How many years of IRS 990 filings does Scholarships To Economically Poorstudents have?
Scholarships To Economically Poorstudents 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.
Is Scholarships To Economically Poorstudents a good charity?
Based on the available data, the organization appears to be a good charity, demonstrating high program spending efficiency and no reported officer compensation, suggesting that nearly all funds directly support its mission.
How does the organization manage its assets?
The organization maintains relatively low asset levels, fluctuating between $2,796 and $20,364, indicating a strategy of spending most of its revenue annually rather than accumulating significant reserves.
What is the trend in the organization's revenue?
Revenue has fluctuated significantly over the years, from a high of $645,963 in 2015 to $99,000 in 2021, and more recently $166,908 in 2023, showing variability in its funding streams.
Filing History
IRS 990 filing history for Scholarships To Economically Poorstudents showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Scholarships To Economically Poorstudents's revenue has grown by 13.2%, moving from $147K to $167K. Total assets increased by 4570.6% over the same period, from $436 to $20K. Total functional expenses fell by 9.5%, from $167K to $152K. In its most recent filing year (2023), Scholarships To Economically Poorstudents reported a surplus of $15K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $167K | $152K | $20K | $0 | — | View 990 |
| 2022 | $212K | $210K | $5K | $0 | — | View 990 |
| 2021 | $99K | $100K | $3K | $0 | — | View 990 |
| 2020 | $269K | $268K | $4K | $0 | — | View 990 |
| 2019 | $220K | $235K | $3K | $0 | — | View 990 |
| 2018 | $304K | $306K | $18K | $0 | — | View 990 |
| 2017 | $428K | $414K | $20K | $0 | — | View 990 |
| 2016 | $374K | $373K | $6K | $0 | — | View 990 |
| 2015 | $646K | $645K | $5K | $0 | — | View 990 |
| 2014 | $608K | $605K | $4K | $0 | — | View 990 |
| 2013 | $273K | $272K | $1K | $0 | — | View 990 |
| 2012 | $85K | $85K | $413 | $0 | — | View 990 |
| 2011 | $147K | $167K | $436 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $167K, expenses of $152K, and assets of $20K (revenue -21.2% year-over-year).
- 2022: Revenue of $212K, expenses of $210K, and assets of $5K (revenue +114.0% year-over-year).
- 2021: Revenue of $99K, expenses of $100K, and assets of $3K (revenue -63.2% year-over-year).
- 2020: Revenue of $269K, expenses of $268K, and assets of $4K (revenue +22.2% year-over-year).
- 2019: Revenue of $220K, expenses of $235K, and assets of $3K (revenue -27.5% year-over-year).
- 2018: Revenue of $304K, expenses of $306K, and assets of $18K (revenue -29.1% year-over-year).
- 2017: Revenue of $428K, expenses of $414K, and assets of $20K (revenue +14.4% year-over-year).
- 2016: Revenue of $374K, expenses of $373K, and assets of $6K (revenue -42.1% year-over-year).
- 2015: Revenue of $646K, expenses of $645K, and assets of $5K (revenue +6.3% year-over-year).
- 2014: Revenue of $608K, expenses of $605K, and assets of $4K (revenue +122.7% year-over-year).
- 2013: Revenue of $273K, expenses of $272K, and assets of $1K (revenue +220.9% year-over-year).
- 2012: Revenue of $85K, expenses of $85K, and assets of $413 (revenue -42.3% year-over-year).
- 2011: Revenue of $147K, expenses of $167K, and assets of $436.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Scholarships To Economically Poorstudents:
Data Sources and Methodology
This transparency report for Scholarships To Economically Poorstudents 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.