Teamsters Local 830 Scholarship Fund

Analysis

Teamsters Local 830 Scholarship Fund is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 1978, 48 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Teamsters Local 830 Scholarship Fund reported income of $154k and spending of $130k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $169k to $154k (-9.3%), an average of -2.4% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Teamsters Local 830 Scholarship Fund sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 45th percentile within PA. Charities of a similar size with the same main cause include National Conference of Appellate Court Clerks ($154k), Historical Natural History and Library Society of South Natick Ma ($154k) and Joliet Park Foundation Inc ($154k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 78% of the total. At year end it held assets of $466k against liabilities of $344k, net assets of $122k.