Paul Collins Jr Scholarship Plan

Analysis

Paul Collins Jr Scholarship Plan is a registered charity in United States, based in Long Island City, NY. It received its IRS tax-exemption ruling in August 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Paul Collins Jr Scholarship Plan reported income of $99k and spending of $113k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $117k to $99k (-15%), an average of -4.0% a year. The sharpest change came in the year to December 2021, when income rose by 175%. Over the whole period it spent 117% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Paul Collins Jr Scholarship Plan sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within NY. Charities of a similar size with the same main cause include University of Alaska-Fairbanks Alumni Association ($99k), Biotech Connection - Bay Area Inc ($100k) and Escuela de LA Cruz ($99k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 30% of the total. At year end it held assets of $639k against liabilities of $28k, net assets of $611k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.