James Duffy Sr Local 138 Scholarship Fund TR

Analysis

James Duffy Sr Local 138 Scholarship Fund TR is a registered charity in United States, based in Farmingdale, NY. It received its IRS tax-exemption ruling in August 1996, 30 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 September 2023, James Duffy Sr Local 138 Scholarship Fund TR reported income of $65k and spending of $84k, spending 130% of what it took in. Across the 3 years on record, from September 2019 to September 2023, income grew from $29k to $65k (+123%), an average of +49% a year. The sharpest change came in the year to September 2022, when income rose by 56%. Over the whole period it spent 172% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, James Duffy Sr Local 138 Scholarship Fund TR sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within NY. Charities of a similar size with the same main cause include Society of Honorary Police Surgeons of the City of New York ($65k), Plainfield Central Elementary PTO ($65k) and Carroll Medical Academy Boosters ($65k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 181% of the total. At year end it held assets of $214k against liabilities of $123k, net assets of $91k.

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.