Ilio Dipaolo Scholarship Fund Inc

Analysis

Ilio Dipaolo Scholarship Fund Inc is a registered charity in United States, based in Blasdell, NY. It received its IRS tax-exemption ruling in November 1995, 31 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 December 2023, Ilio Dipaolo Scholarship Fund Inc reported income of $247k and spending of $209k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $217k to $247k (+14%), an average of +3.3% a year. The sharpest change came in the year to December 2021, when income rose by 96%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ilio Dipaolo Scholarship Fund Inc 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 55th percentile within NY. Charities of a similar size with the same main cause include Santa Clara City Library Foundation and Friends ($247k), South Central Iowa Independent Living Center Inc ($247k) and Greater Atlanta Christian Foundation Inc ($247k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $461k against liabilities of $0, net assets of $461k.