Basil L King Scholarship Foundation Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves
Basil L King Scholarship Foundation Inc is a 501(c)(3) organization based in Fort Pierce, Florida, registered in 1973, with $385,562 in FY2024 revenue. CharityIndex grades it B.
3600 N Milton Rd, Fort Pierce, FL, 34946 EIN 59-0651084 Since 1973
Revenue (FY2024)
$386K
▲ 134.0% vs prior year
Expenses (FY2024)
$405K
Net assets
$7.1M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Basil L King Scholarship Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating211 mo reserves · -5% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Basil L King Scholarship Foundation Inc: 211 mo reserves · -5% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Basil L King Scholarship Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Basil L King Scholarship Foundation Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 3600 N Milton Rd, Fort Pierce, FL, 34946
- City
- Fort Pierce
- State
- Florida
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $286K (FY2013) to $386K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $3,216Net assets $7.1M
Operating margin
-5.0%
Spent more than it raised in the latest fiscal year.
Total assets
$7.1M
Total liabilities
$3,216
Net assets
$7.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $385,562▲134% | $404,769▲6.4% | $7,132,429▲3.4% | $7,135,645▲3.4% | 990PF |
| 2023 | $164,744▲34.7% | $380,580▲26.7% | $6,899,927▲17.0% | $6,899,927▲17.0% | 990PF |
| 2022 | $122,323▼72.8% | $300,497▲1.8% | $5,896,540▲7.7% | $5,896,540▲7.7% | 990PF |
| 2021 | $449,366▼34.5% | $295,223▼19.9% | $5,475,476▼22.5% | $5,475,476▼22.6% | 990PF |
| 2020 | $686,376▲1231% | $368,788▲27.9% | $7,066,014▲13.3% | $7,073,472▲13.4% | 990PF |
| 2019 | $51,579▼66.8% | $288,259▼8.5% | $6,238,041▲2.8% | $6,238,041▲2.8% | 990PF |
| 2018 | $155,138▼77.2% | $315,107▼4.7% | $6,068,875▼2.2% | $6,068,875▼2.3% | 990PF |
| 2017 | $680,368▲224% | $330,623▲7.9% | $6,205,481▲1.2% | $6,210,101▲1.2% | 990PF |
| 2016 | $210,295▼38.3% | $306,322▲23.0% | $6,134,717▲9.4% | $6,134,717▲9.4% | 990PF |
| 2015 | $341,083▲40.9% | $249,000▼22.3% | $5,607,746▲2.4% | $5,607,746▲2.4% | 990PF |
| 2014 | $242,151▼15.5% | $320,462▼2.0% | $5,477,640▼9.5% | $5,477,640▼9.5% | 990PF |
| 2013 | $286,492 | $326,926 | $6,052,511 | $6,052,511 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Basil L King Scholarship Foundation Inc a legitimate nonprofit?
- Yes. Basil L King Scholarship Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 59-0651084, based in Fort Pierce, Florida. Donations are tax-deductible.
- What is Basil L King Scholarship Foundation Inc's EIN?
- Basil L King Scholarship Foundation Inc's Employer Identification Number (EIN) is 59-0651084.
- How much revenue does Basil L King Scholarship Foundation Inc report?
- Basil L King Scholarship Foundation Inc reported $385,562 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Basil L King Scholarship Foundation Inc have?
- CharityIndex grades Basil L King Scholarship Foundation Inc B, based on financial health (reserves and operating margin).
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Data for Basil L King Scholarship Foundation Inc (EIN 59-0651084) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.