Central Pennsylvania Scholarship Fund
Central Pennsylvania Scholarship Fund reported $73.9 million in revenue and $65.2 million in expenses for calendar year 2024. Of every $100 it spent, $99.10 went to program services, $0.87 to management and general costs and $0.03 to fundraising. Its largest source of revenue was contributions and grants: 97.5% of the total. The highest compensation it reported for one person was $100,512 (EXECUTIVE DIRECTOR). Revenue rose 145% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $65MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $74MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 99.1% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 0.9% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 97.5% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $100,512 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.15% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 0 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 14.2 | 13.3 |
| Independent voting board members Part VI 1a–1b | 7 of 7 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseProvide educational opportunity thru educational choice to students from low and middle income families using scholarships to fund tuition at private schools in Central Pennsylvania and educational improvement programs at pennsylania public schools and their assigns and grants to other charities
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| EXECUTIVE DIRECTOR Director/trustee, officer, 40.00 hrs/week | $97,773 | $0 | $2,739 | $100,512 |
| TREASURER Director/trustee, officer, 30.00 hrs/week | $83,442 | $0 | $2,125 | $85,567 |
| PRESIDENT Director/trustee, officer, 15.00 hrs/week | $42,000 | $10,000 | $0 | $52,000 |
0 people received more than $100,000 in reportable compensation from Central Pennsylvania Scholarship Fund (Part VII, line 2). Compensation of current officers, directors and key employees totaled $204K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b7 · 7 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aNo
- Whistleblower policy Part VI 13No
- Document retention policy Part VI 14No
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 58
Correct a figure or respond
Every number above is copied from Central Pennsylvania Scholarship Fund's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Central Pennsylvania Scholarship Fund, you can publish a response that is linked from this page.
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Of every $100 Central Pennsylvania Scholarship Fund spent in 2024, $99.10 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- William J Brennan Center for JusticeNew York, NY · revenue $74M · programs 71.5% · FY2025
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- Dean CollegeFranklin, MA · revenue $74M · programs 92.5% · FY2025
- Genesee Education Consultant ServicesFlint, MI · revenue $74M · programs 100.0% · FY2025
- McKendree UniversityLebanon, IL · revenue $74M · programs 91.7% · FY2025
Questions people ask
How much of Central Pennsylvania Scholarship Fund's spending goes to programs?
In calendar year 2024, Central Pennsylvania Scholarship Fund reported that 99.1% of its $65.2 million in expenses went to program services, 0.9% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Central Pennsylvania Scholarship Fund pay its top executive?
The largest total compensation Central Pennsylvania Scholarship Fund reported for one person in calendar year 2024 was $100,512, for the role of EXECUTIVE DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Central Pennsylvania Scholarship Fund get its money?
Of $73.9 million in revenue in calendar year 2024, 97.5% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Central Pennsylvania Scholarship Fund a registered charity?
The IRS lists EIN 45-4423429 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202513219349315271 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202433179349302608 · read the filing
- 2022: Form 990 for calendar year 2022, object 202303119349302415 · read the filing
- 2021: Form 990 for calendar year 2021, object 202233049349301388 · read the filing
- 2020: Form 990 for calendar year 2020, object 202112319349300611 · read the filing
- 2019: Form 990 for calendar year 2019, object 202042129349301274 · read the filing
All filings for EIN 45-4423429: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.