Hadley Luzerne Scholarship Fund Inc

Analysis

Hadley Luzerne Scholarship Fund Inc is a registered charity in United States, based in Lake Luzerne, NY. It received its IRS tax-exemption ruling in December 1995, 31 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending December 2023, Hadley Luzerne Scholarship Fund Inc reported income of $90k and spending of $53k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $16k to $90k (+458%), an average of +54% a year. The sharpest change came in the year to December 2020, when income rose by 849%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hadley Luzerne Scholarship Fund Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within NY. Charities of a similar size with the same main cause include ZBS Foundation ($90k), Global Transformation International ($90k) and Northfield City Hospital Auxiliary ($90k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.7% of the total. At year end it held assets of $511k against liabilities of $0, net assets of $511k.