Ufcw Local 1500 Scholarship Fund

Analysis

Ufcw Local 1500 Scholarship Fund is a registered charity in United States, based in Westbury, NY. It received its IRS tax-exemption ruling in December 1988, 38 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ufcw Local 1500 Scholarship Fund reported income of $70k and spending of $15k, leaving 78% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $51k to $70k (+39%), an average of +39% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 35% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ufcw Local 1500 Scholarship Fund sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within NY. Charities of a similar size with the same main cause include Sphinx Educational Fund Inc ($70k), Michigan Bac Community Service and Scholarship Fund ($70k) and Metropolitan Milwaukee Alliance of Black School Educators ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $100k against liabilities of $0, net assets of $100k.