Central Pennsylvania Scholarship Fund
99% goes to programs $0 to raise $100 Strong reserves Growing revenue
Central Pennsylvania Scholarship Fund is a 501(c)(3) organization based in Tyrone, Pennsylvania, registered in 2012, with $73,854,376 in FY2024 revenue. CharityIndex grades it B+, and it directs about 99% of spending to programs.
501 3rd St, Tyrone, PA, 16686 EIN 45-4423429 Since 2012
Revenue (FY2024)
$73.9M
▲ 6.2% vs prior year
Education median: $200K
Expenses (FY2024)
$65.2M
Net assets
$77.1M
Employees
8
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating99% to programs · $0 to raise $100
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. For Central Pennsylvania Scholarship Fund: 99% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating14 mo reserves · +12% 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 Central Pennsylvania Scholarship Fund: 14 mo reserves · +12% margin earns a A on this criterion. See the exact thresholds →
C+Governance25% of the rating3 of 6 checks met
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. For Central Pennsylvania Scholarship Fund: 3 of 6 checks met earns a C+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Central Pennsylvania Scholarship Fund: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Provide educational opportunity thru educational choice to students from low and middle income families facilitated using scholarships and educational improvement programs
Contact & location
- Address
- 501 3rd St, Tyrone, PA, 16686
- City
- Tyrone
- State
- Pennsylvania
- Category
- Education
- Subcategory
- Student Services & Aid
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $4,000 (FY2012) to $73.9M (FY2024) across 13 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $77.1M
Operating margin
11.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$77.1M
Total liabilities
$0
Net assets
$77.1M
Salaries & benefits
$342K
1% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $73,854,376▲6.2% | $65,171,936▲18.1% | $77,077,441▲12.7% | $77,077,441▲12.7% | 990 |
| 2023 | $69,551,076▲25.7% | $55,187,999▲26.0% | $68,395,001▲26.6% | $68,395,001▲26.6% | 990 |
| 2022 | $55,334,922▲22.5% | $43,811,817▲5.3% | $54,031,924▲27.1% | $54,031,924▲27.1% | 990 |
| 2021 | $45,167,381▲23.8% | $41,599,159▲42.2% | $42,508,819▲9.2% | $42,508,819▲9.2% | 990 |
| 2020 | $36,489,179▲21.0% | $29,256,888▲71.5% | $38,940,597▲22.8% | $38,940,629▲22.8% | 990 |
| 2019 | $30,150,094▲54.0% | $17,056,293▲110% | $31,708,306▲70.3% | $31,708,306▲70.2% | 990 |
| 2018 | $19,583,419▲158% | $8,113,268▲142% | $18,614,505▲161% | $18,626,245▲161% | 990 |
| 2017 | $7,604,402▲93.5% | $3,356,376▲89.0% | $7,144,354▲147% | $7,144,354▲147% | 990 |
| 2016 | $3,929,321▲555% | $1,775,672▲79.9% | $2,896,328▲290% | $2,896,328▲280% | 990 |
| 2015 | $599,625▼48.3% | $986,796▼14.4% | $742,679▼34.3% | $762,094▼33.7% | 990 |
| 2014 | $1,159,392▼2.1% | $1,152,382▲1731% | $1,129,850▲0.6% | $1,149,265▲0.6% | 990 |
| 2013 | $1,184,509▲29513% | $62,944▲2210% | $1,122,840▲87966% | $1,142,255▲89489% | 990 |
| 2012 | $4,000 | $2,725 | $1,275 | $1,275 | 990EZ |
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.
Leadership & compensation (FY2024)
Highest-paid: Tami Clark — $97,773 (0.15% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Tami Clark | Executive Director | 40 | $97,773 |
| Casi Fries | Treasurer | 30 | $83,442 |
| Randy Tarpey | President | 15 | $42,000 |
| Christopher Palazzi | Board Member | 1 | — |
| Edward Kaplan | Board Member | 1 | — |
| Joseph Adams | Board Member | 1 | — |
| Lindsey Bennett | Secretary | 1 | — |
Top vendors & contractors (FY2021)
| Contractor | Services | Paid |
|---|---|---|
| Sickler Tarpey & Associates | Expense Reimbursement | $74,000 |
Grants received · $5.0M total
128 grants to Central Pennsylvania Scholarship Fund totaling $5.0M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Central Pennsylvania Scholarship Fund | Pennsylvania eitc scholarships | 2024 | $304,450 |
| Central Pennsylvania Scholarship Fund | Pennsylvania eitc scholarships | 2024 | $191,500 |
| Central Pennsylvania Scholarship Fund | Pennsylvania eitc scholarships | 2024 | $159,640 |
| Central Pennsylvania Scholarship Fund | Pennsylvania eitc scholarships | 2024 | $106,160 |
| Central Pennsylvania Scholarship Fund | Pennsylvania eitc scholarships | 2024 | $105,500 |
| Central Pennsylvania Scholarship Fund | Pennsylvania eitc scholarships | 2024 | $68,750 |
| Central Pennsylvania Scholarship Fund | Pennsylvania eitc scholarships | 2024 | $52,382 |
| Central Pennsylvania Scholarship Fund | Pennsylvania eitc scholarships | 2024 | $45,500 |
| Central Pennsylvania Scholarship Fund | Pennsylvania eitc scholarships | 2024 | $29,000 |
| Central Pennsylvania Scholarship Fund | Pennsylvania eitc scholarships | 2024 | $25,000 |
| Central Pennsylvania Scholarship Fund | Pennsylvania eitc scholarships | 2024 | $25,000 |
| Central Pennsylvania Scholarship Fund | Pennsylvania eitc scholarships | 2024 | $20,000 |
| Central Pennsylvania Scholarship Fund | Pennsylvania eitc scholarships | 2024 | $19,000 |
| American Online Giving Foundation Inc | General support | 2024 | $12,855 |
| Charities Aid Foundation America | Charitable donation | 2024 | $10,650 |
Grants made · $64.5M in FY2024
436 grants totaling $64.5M in FY2024 — showing the 15 largest. All grants made by Central Pennsylvania Scholarship Fund →
| Recipient | Purpose | Amount |
|---|---|---|
| The Neighborhood Academy | Pennsylvania eitc scholarships | $1,816,280 |
| Saint James School | Pennsylvania eitc scholarships | $1,459,900 |
| South Hills Catholic Academy | Pennsylvania eitc scholarships | $1,415,250 |
| Logos Academy | Pennsylavania eitc scholarshipspennsylvania eitc scholarships | $1,346,840 |
| Faith Christian Academy | Pennsylvania eitc scholarships | $1,283,990 |
| Bishop Guilfoyle Catholic High School Inc | Pennsylvania eitc scholarships | $1,258,383 |
| Sewickley Academy | Pennsylvania eitc scholarships | $1,249,968 |
| Trinity High School | Pennsylvania eitc scholarships | $1,183,777 |
| Hillel Academy of Pittsburgh | Pennsylvania eitc scholarships | $1,149,897 |
| Greensburg Central Catholic Junior- Senior High School | Pennsylvania eitc scholarships | $1,080,813 |
| Yeshivath Achei Tmimim of Pittsburgh | Pennsylvania eitc scholarships | $1,059,618 |
| Lancaster Country Day School | Pennsylvania eitc scholarships | $994,250 |
| Delaware County Christian School Society | Pennsylvania eitc scholarships | $989,100 |
| Shady Side Academy | Pennsylvania eitc scholarships | $956,900 |
| Our Lady of Sacred Heart High School | Pennsylvania eitc scholarships | $934,314 |
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Compare Central Pennsylvania Scholarship Fund
Frequently asked questions
- Is Central Pennsylvania Scholarship Fund a legitimate nonprofit?
- Yes. Central Pennsylvania Scholarship Fund is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 45-4423429, based in Tyrone, Pennsylvania. Donations are tax-deductible.
- What is Central Pennsylvania Scholarship Fund's EIN?
- Central Pennsylvania Scholarship Fund's Employer Identification Number (EIN) is 45-4423429.
- How much revenue does Central Pennsylvania Scholarship Fund report?
- Central Pennsylvania Scholarship Fund reported $73,854,376 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Central Pennsylvania Scholarship Fund's spending goes to programs?
- Central Pennsylvania Scholarship Fund spends about 99% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Central Pennsylvania Scholarship Fund have?
- CharityIndex grades Central Pennsylvania Scholarship Fund B+, based on program efficiency and fundraising cost.
- How much does Central Pennsylvania Scholarship Fund's highest-paid employee make?
- The highest reported compensation on Central Pennsylvania Scholarship Fund's latest Form 990 is $97,773, paid to Tami Clark (Executive Director).
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Data for Central Pennsylvania Scholarship Fund (EIN 45-4423429) 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.