Yma Fashion Scholarship Fund

Analysis

Yma Fashion Scholarship Fund is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2007, 19 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 July 2023, Yma Fashion Scholarship Fund reported income of $3.1m and spending of $3.4m, spending 111% of what it took in. Across the 4 years on record, from July 2019 to July 2023, income grew from $3.0m to $3.1m (+2.9%), an average of +1.0% a year. The sharpest change came in the year to July 2022, when income rose by 740%. Over the whole period it spent 37% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Yma Fashion Scholarship Fund sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include National Pipeline Joint Apprenticeship and Training Trust ($3.1m), Friends of Leep Dual Language Academy Inc ($3.1m) and Alliance Education Services Incorporated ($3.1m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 111% of the total. Compensation of current officers, directors and key employees was $496k (14% of expenses). Other salaries and wages came to $415k. It paid $102k in professional fundraising fees. At year end it held assets of $25.3m against liabilities of $602k, net assets of $24.7m. It reported 7 employees.