Kevin M Eidt Scholarship Fund

Analysis

Kevin M Eidt Scholarship Fund is a registered charity in United States, based in Norwalk, CT. It received its IRS tax-exemption ruling in June 1997, 29 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, Kevin M Eidt Scholarship Fund reported income of $309k and spending of $109k, leaving 65% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $249k to $309k (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2021, when income rose by 120%. Over the whole period it spent 48% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kevin M Eidt Scholarship Fund sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within CT. Charities of a similar size with the same main cause include Village Book Builders Inc ($309k), Islamic School of Grand Rapids ($309k) and MNTS Tamil School ($309k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% of the total. At year end it held assets of $1.0m against liabilities of $508k, net assets of $519k.