The Scholarship Academy
The Scholarship Academy shows strong growth and no officer compensation, but experienced a deficit in its latest reported fiscal year.
EIN: 203721836 · Atlanta, GA · NTEE: B82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $992K |
| Program Spending | 85% |
| Net Assets | $487K |
| Transparency Score | 92/100 |
Is The Scholarship Academy Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Scholarship Academy directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Scholarship Academy
The Scholarship Academy (EIN: 203721836) is a nonprofit organization based in Atlanta, GA, classified under NTEE code B82. The organization reported total revenue of $1.6M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Scholarship Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Scholarship Academy is a mid-size nonprofit that has been operating for 20 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 24.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $858K |
| Total Expenses | $992K |
| Surplus / Deficit | $-134,589 |
| Total Assets | $520K |
| Total Liabilities | $32K |
| Net Assets | $487K |
| Operating Margin | -15.7% |
| Debt-to-Asset Ratio | 6.2% |
| Months of Reserves | 6.3 months |
Financial Health Grade: B
In 2023, The Scholarship Academy reported a deficit of $135K with expenses exceeding revenue, holds 6.3 months of operating reserves (strong position), has a debt-to-asset ratio of 6.2% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), The Scholarship Academy's revenue has grown at a compound annual growth rate (CAGR) of 24.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.8% | +64.4% | -17.3% |
| 2022 | +76.1% | +43.6% | +64.4% |
| 2021 | +132.5% | +131.8% | +684.5% |
| 2018 | -14.2% | +31.4% | -74.0% |
| 2017 | +40.3% | -39.3% | +140.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
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 The Scholarship Academy with a Mission Score of 92 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, The Scholarship Academy allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 deficit of $135K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating a strong commitment to directing all funds towards program services and operational needs rather than executive salaries, which is highly commendable for an organization of its size.
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 The Scholarship Academy's IRS 990 filings:
- Expenses exceeded revenue in the 202308 period ($992,446 expenses vs. $857,857 revenue), indicating a deficit for that specific year.
Strengths
The following positive indicators were identified for The Scholarship Academy:
- Consistent 0% officer compensation across all filings, demonstrating high transparency and efficient use of funds.
- Significant growth in revenue from $137,738 in 2012 to $1,561,755 currently, indicating expanding impact and fundraising success.
- Substantial asset growth from $46,902 in 2012 to $1,239,117 currently, enhancing long-term financial stability.
- Strong program focus implied by the lack of executive compensation, suggesting a high percentage of funds go directly to mission-related activities.
Frequently Asked Questions about The Scholarship Academy
Is The Scholarship Academy a legitimate charity?
Based on AI analysis of IRS 990 filings, The Scholarship Academy (EIN: 203721836) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does The Scholarship Academy spend its money?
The Scholarship Academy directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Scholarship Academy tax-deductible?
The Scholarship Academy is registered as a tax-exempt nonprofit (EIN: 203721836). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Scholarship Academy's spending goes to programs?
The Scholarship Academy directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Scholarship Academy compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), The Scholarship Academy 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 The Scholarship Academy located?
The Scholarship Academy is headquartered in Atlanta, Georgia and files with the IRS under EIN 203721836. It is classified under NTEE code B82.
How many years of IRS 990 filings does The Scholarship Academy have?
The Scholarship Academy has 11 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 $1.6M in total revenue.
Is The Scholarship Academy a good charity?
Based on the available data, The Scholarship Academy appears to be a good charity. It demonstrates strong program focus, excellent transparency regarding executive compensation (0% reported), and significant growth in its financial capacity over time. The recent deficit in 202308 should be monitored, but overall trends are positive.
How has The Scholarship Academy's financial health changed over time?
The Scholarship Academy has experienced substantial financial growth. Revenue increased from $137,738 in 2012 to $1,561,755 currently, and assets grew from $46,902 to $1,239,117. This indicates a significant expansion of its operations and financial stability.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is a strong positive for donor confidence and suggests a highly efficient and mission-focused approach to leadership.
Filing History
IRS 990 filing history for The Scholarship Academy showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), The Scholarship Academy's revenue has grown by 1293.3%, moving from $62K to $858K. Total assets increased by 3162% over the same period, from $16K to $520K. Total functional expenses rose by 1687.2%, from $56K to $992K. In its most recent filing year (2023), The Scholarship Academy reported a deficit of $135K, with expenses exceeding revenue. The organization holds $32K in liabilities against $520K in assets (debt-to-asset ratio: 6.2%), resulting in net assets of $487K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $858K | $992K | $520K | $32K | — | View 990 |
| 2022 | $951K | $604K | $628K | $9K | — | View 990 |
| 2021 | $540K | $420K | $382K | $106K | — | View 990 |
| 2018 | $232K | $181K | $49K | $0 | — | View 990 |
| 2017 | $271K | $138K | $187K | $0 | — | View 990 |
| 2016 | $193K | $228K | $78K | $0 | — | — |
| 2015 | $383K | $496K | $104K | $0 | — | View 990 |
| 2014 | $312K | $309K | $52K | $0 | — | View 990 |
| 2013 | $294K | $290K | $50K | $0 | — | View 990 |
| 2012 | $138K | $108K | $47K | $765 | — | View 990 |
| 2011 | $62K | $56K | $16K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $858K, expenses of $992K, and assets of $520K (revenue -9.8% year-over-year).
- 2022: Revenue of $951K, expenses of $604K, and assets of $628K (revenue +76.1% year-over-year).
- 2021: Revenue of $540K, expenses of $420K, and assets of $382K (revenue +132.5% year-over-year).
- 2018: Revenue of $232K, expenses of $181K, and assets of $49K (revenue -14.2% year-over-year).
- 2017: Revenue of $271K, expenses of $138K, and assets of $187K (revenue +40.3% year-over-year).
- 2016: Revenue of $193K, expenses of $228K, and assets of $78K (revenue -49.6% year-over-year).
- 2015: Revenue of $383K, expenses of $496K, and assets of $104K (revenue +22.7% year-over-year).
- 2014: Revenue of $312K, expenses of $309K, and assets of $52K (revenue +6.2% year-over-year).
- 2013: Revenue of $294K, expenses of $290K, and assets of $50K (revenue +113.1% year-over-year).
- 2012: Revenue of $138K, expenses of $108K, and assets of $47K (revenue +123.7% year-over-year).
- 2011: Revenue of $62K, expenses of $56K, and assets of $16K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Scholarship Academy:
Data Sources and Methodology
This transparency report for The Scholarship Academy 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.