INNER CITY SCHOLARSHIP FUND INC

NEW YORK, NY, 10022 (212) 753-8583 Est. 1971 EIN 51-0453629
990 - Public charity return 501(c)(3)
www.innercityscholarshipfund.org

Mission

INNER-CITY SCHOLARSHIP FUND (ICSF) ENSURES THAT THE GIFT OF AN EXCELLENT K-12 CATHOLIC SCHOOL EDUCATION IN THE ARCHDIOCESE OF NEW YORK CONTINUES TO BE A VIABE OPTION FOR BOTH CURRENT AND FUTURE STUDENTS OF ALL FAITHS. SEE SCHEDULE O.

Giving Portfolio

Total Grants
562
Total Giving
$118.4M
Recipients
464
Years Active
2017 - 2024
Avg grant: $212,429 Median: $56,115

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
202474$24.2M $327K260
202377$17.3M $225K259
202284$16.4M $195K367
202179$15.5M $196K461
202082$16.2M $198K464
201988$15.6M $177K962
201778$13.2M $169K670

Sectors Funded

Education
41
Religion-Related
2
Philanthropy & Grantmaking
1

Top States

New York
560
District of Columbia
1
New Jersey
1

Grantee Size Profile

$10M - $50M
14
$1M - $5M
11
$500K - $1M
1
Over $50M
1

Top Grantees

Page 1 of 3
$9.1M
$8.1M
CARDINAL SPELLMAN
NY - 4 grants
$3.3M
CATHOLIC SCHOOL REGION NORTH WEST SOUTH BRONX
NY - 4 grants
$2.4M

Grants Awarded · 149 grants

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Financials

Total Revenue
$48,828,788
Total Expenses
$28,805,291
Net Assets
$142,367,782
28 employees 39 volunteers
From latest filing (tax period ending 2025-08-31)

Financial Health

Operating Reserve
4.9 years Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 84.2%
Expenses ↑ 34.2%
Revenue Sources
Contributions 82.1% Investment 18.9%
Expense Breakdown
Program 86.0% Management 4.8% Fundraising 9.2%

Officers & Trustees (44)

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Filing History (7 filings)

YearRevenueExpensesNet Assets
2024 990 - Public charity return
Sep 1, 2024 to Aug 31, 2025
$48,828,788 ↑$28,805,291$142,367,782
2023 990 - Public charity return
Sep 1, 2023 to Aug 31, 2024
$26,514,486 ↑$21,459,132$120,102,538
2022 990 - Public charity return
Sep 1, 2022 to Aug 31, 2023
$19,320,352 ↑$20,059,238$106,468,230
2021 990 - Public charity return
Sep 1, 2021 to Aug 31, 2022
$17,490,225 ↓$19,293,513$101,304,954
2020 990 - Public charity return
Sep 1, 2020 to Aug 31, 2021
$24,751,034 ↑$20,081,245$113,656,266
2019 990 - Public charity return
Sep 1, 2019 to Aug 31, 2020
$22,415,973 ↑$19,332,203$96,603,392
2017 990 - Public charity return
Sep 1, 2017 to Aug 31, 2018
$19,799,634 $16,719,739$55,320,013

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EIN: 51-0453629 · Source: IRS Form 990 e-file data