Community Scholarship Fund of Teaneck

Analysis

Community Scholarship Fund of Teaneck is a registered charity in United States, based in Teaneck, NJ. It received its IRS tax-exemption ruling in November 1958, 68 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 2024, Community Scholarship Fund of Teaneck reported income of $126k and spending of $11k, leaving 91% of income unspent that year. Across the 3 years on record, from September 2022 to July 2024, income fell from $215k to $126k (-41%), an average of -23% a year. The sharpest change came in the year to September 2023, when income dropped by 47%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Community Scholarship Fund of Teaneck sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 51st percentile within NJ. Charities of a similar size with the same main cause include Northwest Boosters Association ($126k), Parent Faculty Association of Lyle S Briggs Fundamental School ($126k) and Cisd Educational Support Groups Inc ($126k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 95% of the total. At year end it held assets of $328k against liabilities of $0, net assets of $328k.