Carpenters Local Union 157 Scholarship Fund

Analysis

Carpenters Local Union 157 Scholarship Fund is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Carpenters Local Union 157 Scholarship Fund reported income of $140k and spending of $298k, spending 212% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $153k to $140k (-8.0%), an average of -2.1% a year. The sharpest change came in the year to December 2021, when income rose by 9531%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Carpenters Local Union 157 Scholarship Fund sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NY. Charities of a similar size with the same main cause include Stand Together Against Racism and Radicalism in the Services Inc ($140k), Bill Burden Elementary School Parent Teacher Organization ($140k) and Carlsbad High School Touchdown Club ($140k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% of the total. At year end it held assets of $1.9m against liabilities of $453k, net assets of $1.5m.