Education
(B90)
IRS Verified
DX Registered
990 on File
FRSA EDUCATIONAL SCHOLARSHIP FOUNDATION INC
Financial strength (30%)
92/100
Reliability (20%)
79/100
Effectiveness (25%)
77/100
Impact (25%)
50/100
36
CharityAI™ Score
out of 100
Mission Statement
FRSA's Educational & Research Foundation offers a variety of ways to contribute to the industry and support industry "Excellence through Education," from Foundation Membership to Endowment and Scholarship Programs, the FRSA Educational Foundation is the largest industry-related Foundation in the Southeastern United States. With more than $370,000 provided in scholarships and new educational programming added each year, FRSA stays on the cutting-edge of industry education and quality standards.
Financial Overview — FY 2024
$248K
Total Revenue
$125K
Total Expenses
$1.8M
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
91.2%
Fundraising Efficiency
0.0%
Operating Reserve
168.74x
Liability-to-Asset
2.7%
Revenue Diversification
43.3%
Compared with Peers
FY 2024
Compared with 16,011 similar organizations
(United States, Education, $100K–$1M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
91.2% | 89.3% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
8.8% | 8.2% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
0.0% | 2.3% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
168.7 mo | 9.3 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
2.7% | 0.3% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
43.3% | 89.4% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
46.5% | 8.4% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
40.6% | 9.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
49.6% | 2.8% |
P10P90
|
CharityAI™ Evaluation — 2025
36 / 1000
Financial
79
Reliability
32
Effectiveness
50
Impact
Financial Strength (30%)
0
Reliability & Transparency (20%)
79
Program Effectiveness (25%)
32
Impact & Outcomes (25%)
50
200 served annually
$2K per beneficiary
1 programs
IRS Verified Form 990 on File 80% Data Complete
Impact
1 program| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| 370000 | 200 | $1,850.00 | — | Lifetime |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $248K | $125K | $1.8M | 91.2% | 0 |
| 2023 | $169K | $89K | $1.6M | 87.7% | 0 |
| 2022 | $134K | $97K | $1.5M | 88.3% | 0 |
| 2021 | $147K | $105K | N/A | — | 0 |
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