I U O E Local 94 94a Scholarship Fund

Analysis

I U O E Local 94 94a Scholarship Fund is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 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, I U O E Local 94 94a Scholarship Fund reported income of $250k and spending of $139k, leaving 44% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $205k to $250k (+22%), an average of +5.1% a year. The sharpest change came in the year to September 2022, when income rose by 149%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, I U O E Local 94 94a Scholarship Fund sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Walnut Grove Coop Inc ($250k), Glendora High School Band Boosters Club ($250k) and Huakailani School for Girls Inc ($250k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $1.5m against liabilities of $263k, net assets of $1.3m.