Tom Fabietti Scholarship Fund Inc

Analysis

Tom Fabietti Scholarship Fund Inc is a registered charity in United States, based in Egg HBR TWP, NJ. It received its IRS tax-exemption ruling in October 1994, 32 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 March 2024, Tom Fabietti Scholarship Fund Inc reported income of $108k and spending of $106k, spending 98% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $105k to $108k (+3.4%), an average of +0.8% a year. The sharpest change came in the year to March 2022, when income rose by 72%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tom Fabietti Scholarship Fund Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 47th percentile within NJ. Charities of a similar size with the same main cause include Maui County Area Health Education Center Inc ($108k), Vandegrift High School Legacies Boosters ($108k) and American Canyon High School Alliance ($108k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 61% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.