New York City Bravest Scholarship Fund

Analysis

New York City Bravest Scholarship Fund is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New York City Bravest Scholarship Fund reported income of $740k and spending of $299k, leaving 60% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $353k to $740k (+110%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 76%. Over the whole period it spent 57% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New York City Bravest Scholarship Fund sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Finally Home ($740k), LCS Support Corporation ($740k) and Clarksville Academy Foundation ($740k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% of the total. At year end it held assets of $4.1m against liabilities of $13k, net assets of $4.1m.