Inner City Scholarship Fund
Inner City Scholarship Fund reported $48.8 million in revenue and $28.8 million in expenses for the fiscal year ending August 31, 2025. Of every $100 it spent, $85.96 went to program services, $4.80 to management and general costs and $9.24 to fundraising. Its largest source of revenue was contributions and grants: 82.1% of the total. The highest compensation it reported for one person was $301,316 (EXECUTIVE DIRECTOR). 8 people received more than $100,000 in reportable compensation. Revenue rose 118% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending August 31, 2025 · Form 990, Part IX, line 25 · total expenses $29MFor context, the median across 2,433 covered unclassified charities: $88.27 programs, $11.68 management, $0.05 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending August 31, 2025 · Form 990, Part VIII · total revenue $49MOther revenue was negative: −$494K. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 86.0% | 86.7% |
| Management & general Part IX 25(C) ÷ 25(A) | 4.8% | 11.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 9.2% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.07 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 82.1% | 29.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 3.8% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 58.9% |
| Highest reported compensation Part VII-A, columns D–F | $301,316 | $301,601 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.05% | 1.38% |
| People paid over $100,000 Part VII, line 2 | 8 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 59.3 | 6.8 |
| Independent voting board members Part VI 1a–1b | 37 of 37 | 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
FY2025 · Form 990, Part III · the three largest programs by expenseInternally managed scholarships: needs-based awards made for students in archdiocese of new york catholic schools
Externally managed scholarships: grant payments for scholarships in partnership with the children's Scholarship Fund, and student sponsor partners
Financial aid grants: financial aid grants for under-serviced catholic schools, and department of education of the archdiocese of new york. These grants could be for student scholarships, enrichment, opportunities, and capital repairs or general operations
Highest reported compensation
FY2025 · 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 Highest compensated employee, 35.00 hrs/week | $288,318 | $0 | $12,998 | $301,316 |
| CHIEF OF FINANCE AND OPERATIONS Highest compensated employee, 35.00 hrs/week | $151,598 | $0 | $41,857 | $193,455 |
| DIRECTOR OF DEVELOPMENT Highest compensated employee, 35.00 hrs/week | $143,838 | $0 | $41,856 | $185,694 |
| DATA AND OPS. ANALYST Highest compensated employee, 35.00 hrs/week | $158,082 | $0 | $12,997 | $171,079 |
| CHIEF OF STAFF, SPECIAL CO Highest compensated employee, 35.00 hrs/week | $147,361 | $0 | $314 | $147,675 |
8 people received more than $100,000 in reportable compensation from Inner City Scholarship Fund (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · 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–1b37 · 37 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- 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 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 528
- Volunteers Part I, line 639
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| FAIRCOM NEW YORK INC Direct mail & advertising | $871,738 |
Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.
Private foundation grants it received
86 private foundations reported grants to Inner City Scholarship Fund totaling $9.3M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Inner City 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 Inner City Scholarship Fund, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Inner City Scholarship Fund spent in FY2025, $85.96 went to programs. The full breakdown, from its IRS Form 990:
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- Odyssey House Inc. - UtahSalt Lake City, UT · revenue $49M · programs 89.8% · FY2025
- Hoosier CAREBrentwood, TN · revenue $49M · programs 85.3% · FY2025
- The Student Conservation AssociationArlington, VA · revenue $48M · programs 71.5% · FY2025
Questions people ask
How much of Inner City Scholarship Fund's spending goes to programs?
In the fiscal year ending August 31, 2025, Inner City Scholarship Fund reported that 86.0% of its $28.8 million in expenses went to program services, 4.8% to management and general and 9.2% to fundraising (Form 990, Part IX).
How much does Inner City Scholarship Fund pay its top executive?
The largest total compensation Inner City Scholarship Fund reported for one person in the fiscal year ending August 31, 2025 was $301,316, for the role of EXECUTIVE DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Inner City Scholarship Fund get its money?
Of $48.8 million in revenue in the fiscal year ending August 31, 2025, 82.1% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Inner City Scholarship Fund a registered charity?
The IRS lists EIN 51-0453629 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
- FY2025: Form 990 for the fiscal year ending August 31, 2025, object 202611969349300021 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending August 31, 2024, object 202521779349300022 · read the filing
- FY2023: Form 990 for the fiscal year ending August 31, 2023, object 202431139349300743 · read the filing
- FY2022: Form 990 for the fiscal year ending August 31, 2022, object 202301959349300700 · read the filing
- FY2021: Form 990 for the fiscal year ending August 31, 2021, object 202211969349301931 · read the filing
- FY2020: Form 990 for the fiscal year ending August 31, 2020, object 202111189349300931 · read the filing
All filings for EIN 51-0453629: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.