Inner-city Scholarship Fund Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves
Inner-city Scholarship Fund Inc is a 501(c)(3) organization based in New York, New York, registered in 1946, with $26,514,486 in FY2023 revenue. CharityIndex grades it B.
1011 First Avenue 1800, New York, NY, 10022 EIN 51-0453629 Since 1946
Revenue (FY2023)
$26.5M
▲ 37.2% vs prior year
Expenses (FY2023)
$21.5M
Net assets
$120.1M
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 Inner-city Scholarship Fund 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 rating67 mo reserves · +19% 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 Inner-city Scholarship Fund Inc: 67 mo reserves · +19% 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 Inner-city Scholarship Fund 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 Inner-city Scholarship Fund Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
Financial trends
Revenue grew from $16.6M (FY2013) to $26.5M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $1.2MNet assets $120.1M
Operating margin
19.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$121.3M
Total liabilities
$1.2M
Net assets
$120.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $26,514,486▲37.2% | $21,459,132▲7.0% | $120,102,538▲12.8% | $121,330,635▲13.2% | 990 |
| 2022 | $19,320,352▲10.5% | $20,059,238▲4.0% | $106,468,230▲5.1% | $107,195,052▲4.7% | 990 |
| 2021 | $17,490,225▼29.3% | $19,293,513▼3.9% | $101,304,954▼10.9% | $102,427,007▼11.6% | 990 |
| 2020 | $24,751,034▲10.4% | $20,081,245▲3.9% | $113,656,266▲17.7% | $115,829,957▲18.5% | 990 |
| 2019 | $22,415,973▼55.4% | $19,332,203▲10.5% | $96,603,392▲9.7% | $97,750,914▲10.2% | 990 |
| 2018 | $50,307,521▲154% | $17,497,953▲4.7% | $88,036,715▲59.1% | $88,680,597▲20.7% | 990 |
| 2017 | $19,799,634▼41.2% | $16,719,739▼3.4% | $55,320,013▲10.1% | $73,488,479▲23.6% | 990 |
| 2016 | $33,663,808▲37.7% | $17,315,161▲0.2% | $50,256,071▲60.6% | $59,480,395▲85.3% | 990 |
| 2015 | $24,439,720▲16.5% | $17,274,722▲12.1% | $31,299,984▲33.3% | $32,101,576▲33.4% | 990 |
| 2014 | $20,975,495▲26.6% | $15,416,369▼1.3% | $23,477,886▲28.7% | $24,056,821▲25.7% | 990 |
| 2013 | $16,571,162 | $15,621,667▲6.0% | $18,242,732▲8.5% | $19,132,145▲10.4% | 990 |
| 2012 | — | $14,732,035▲3.6% | $16,807,870▼5.5% | $17,327,320▼7.0% | 990 |
| 2011 | — | $14,215,300▼1.6% | $17,780,069▲9.1% | $18,627,931▲12.3% | 990 |
| 2010 | — | $14,443,400▲1.8% | $16,301,485▲23.2% | $16,588,014▲22.6% | 990 |
| 2009 | — | $14,189,827 | $13,234,290 | $13,531,517 | 990 |
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.
Grants received · $11.8M total
122 grants to Inner-city Scholarship Fund Inc totaling $11.8M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $210,800 |
| American Online Giving Foundation Inc | General support | 2024 | $103,502 |
| Ayco Charitable Foundation | Education | 2024 | $52,700 |
| Community Foundation of New Jersey | Scholarships, financial aid & scholar support services | 2024 | $50,000 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $31,100 |
| American Endowment Foundation | Educational | 2024 | $23,150 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $15,800 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $15,000 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $9,600 |
| Donor Advised Charitable Giving | Education | 2023 | $769,370 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $372,400 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $328,245 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $205,200 |
| National Philanthropic Tr | Culture & arts | 2023 | $176,800 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2023 | $50,000 |
Frequently asked questions
- Is Inner-city Scholarship Fund Inc a legitimate nonprofit?
- Yes. Inner-city Scholarship Fund Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 51-0453629, based in New York, New York. Donations are tax-deductible.
- What is Inner-city Scholarship Fund Inc's EIN?
- Inner-city Scholarship Fund Inc's Employer Identification Number (EIN) is 51-0453629.
- How much revenue does Inner-city Scholarship Fund Inc report?
- Inner-city Scholarship Fund Inc reported $26,514,486 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Inner-city Scholarship Fund Inc have?
- CharityIndex grades Inner-city Scholarship Fund Inc B, based on financial health (reserves and operating margin).
More nonprofits in New York
Explore more
Data for Inner-city Scholarship Fund Inc (EIN 51-0453629) 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.