Correction Officers Benevolent Association Scholarship Fund Inc

Analysis

Correction Officers Benevolent Association Scholarship Fund Inc is a registered charity in United States, based in East Elmhurst, NY. It received its IRS tax-exemption ruling in October 2002, 24 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 May 2023, Correction Officers Benevolent Association Scholarship Fund Inc reported income of $88k and spending of $100k, spending 114% of what it took in. Across the 2 years on record, from May 2022 to May 2023, income fell from $118k to $88k (-26%), an average of -26% a year. The sharpest change came in the year to May 2023, when income dropped by 26%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Correction Officers Benevolent Association Scholarship Fund Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within NY. Charities of a similar size with the same main cause include Pinnacle Peak Elementary School Parent Teacher Organization Inc ($88k), Garden City Public Library FND Inc ($88k) and Monrovia Wildcat Band Boosters Club ($88k).

On its Form 990-EZ for the period ending May 2023, revenue came from contributions and grants 129% of the total. At year end it held assets of $131k against liabilities of $129k, net assets of $2,007.