Jeremy Elliott Scholarship Foundation

Analysis

Jeremy Elliott Scholarship Foundation is a registered charity in United States, based in Jefferson, NC. It received its IRS tax-exemption ruling in May 2006, 20 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, Jeremy Elliott Scholarship Foundation reported income of $574k and spending of $455k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $466k to $574k (+23%), an average of +5.4% a year. The sharpest change came in the year to December 2021, when income rose by 1274%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Jeremy Elliott Scholarship Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within NC. Charities of a similar size with the same main cause include Farm Commons ($574k), Teamsters Local 728 Scholarship Fund Inc ($574k) and Mason Isd Scholarship Foundation ($574k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $2.2m against liabilities of $13k, net assets of $2.1m.