Local 37 Iron Workers Scholarship Fund

Analysis

Local 37 Iron Workers Scholarship Fund is a registered charity in United States, based in E Providence, RI. It received its IRS tax-exemption ruling in November 2002, 24 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, Local 37 Iron Workers Scholarship Fund reported income of $77k and spending of $23k, leaving 70% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $80k to $77k (-4.3%), an average of -4.3% a year. Over the whole period it spent 31% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Local 37 Iron Workers Scholarship Fund sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 26th percentile within RI. Charities of a similar size with the same main cause include Dilworth Elementary Home and School Club ($77k), Friends of Vista Grande Elementary Foundation ($77k) and Oak Chan Elementary Parent Teacher Organization ($77k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $370k against liabilities of $8,717, net assets of $362k.