Ibew Local No 99 Scholarship Educational Fund

Analysis

Ibew Local No 99 Scholarship Educational Fund is a registered charity in United States, based in Cranston, RI. It received its IRS tax-exemption ruling in June 2014, 12 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 June 2024, Ibew Local No 99 Scholarship Educational Fund reported income of $156k and spending of $44k, leaving 72% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $98k to $156k (+60%), an average of +60% a year. The sharpest change came in the year to June 2024, when income rose by 60%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ibew Local No 99 Scholarship Educational Fund sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 45th percentile within RI. Charities of a similar size with the same main cause include Jessica Ann Moore Foundation ($156k), BBCHS Academic Foundation Ltd ($156k) and Henry Zarrow International School Education Foundation Inc ($156k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 4.2% and program service revenue 70% of the total. At year end it held assets of $428k against liabilities of $0, net assets of $428k.