Financial Transparency
We are committed to full financial transparency. All annual reports and tax documents are available for public review.
2023 Financial Snapshot
A summary of our financial performance for the fiscal year 2023.
Total revenue from donations, grants, and investments.
Total expenses, with 95.6% going directly to scholarships.
Total assets at the end of the fiscal year.
How We Use Your Donations
We pride ourselves on our efficient use of funds, with the vast majority going directly to student scholarships.
Expense Breakdown
Our commitment: At least 95% of all donations go directly to student scholarships.
Annual Reports
View our annual financial reports with detailed information about our finances, programs, and impact.
Revenue
- Individual Donations$312,450
- Corporate Donations$98,750
- Grants$25,000
- Investment Income$11,391
- Total Revenue$447,591
Expenses
- Scholarships & Grants$174,235
- Administrative Expenses$5,103
- Fundraising$2,917
- Total Expenses$182,255
2023 Highlights
- Awarded $174,235 in scholarships to 25 deserving students
- Expanded scholarship program to include students from Pennsylvania
- Maintained administrative expenses below 3% of total budget
Tax Documents
Access our IRS Form 990 filings and other tax-related documents.
IRS Form 990 for tax year 2023, filed with the Internal Revenue Service.
Total Revenue: $447,591
Total Expenses: $182,255
Net Assets: $2,541,984
Filing Date: May 15, 2024
IRS Form 990 for tax year 2022, filed with the Internal Revenue Service.
Total Revenue: $402,695
Total Expenses: $160,280
Net Assets: $2,276,648
Filing Date: May 12, 2023
Official IRS determination letter confirming our tax-exempt status.
Organization Name: Arce Scholarship Fund Inc.
EIN: 84-2552277
Status: 501(c)(3) Public Charity
Effective Date: November 15, 2019