Local 210 Scholarship Fund & Educational Fund

Analysis

Local 210 Scholarship Fund & Educational Fund is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in April 1982, 44 years ago. 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, Local 210 Scholarship Fund & Educational Fund reported income of $1.1m and spending of $259k, leaving 76% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $314k to $1.1m (+238%), an average of +50% a year. The sharpest change came in the year to December 2023, when income rose by 225%. Over the whole period it spent 38% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Local 210 Scholarship Fund & Educational Fund sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Legendary Legacies Inc ($1.1m), Texas Elks Endowment Inc ($1.1m) and St Columba Development Corp Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 20% of the total. At year end it held assets of $3.5m against liabilities of $194k, net assets of $3.3m.