John Fox Scholarship Fund

Analysis

John Fox Scholarship Fund is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 1993, 33 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, John Fox Scholarship Fund reported income of $82k and spending of $108k, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $85k to $82k (-3.5%), an average of -0.9% a year. The sharpest change came in the year to December 2023, when income rose by 467%. Over the whole period it spent 326% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, John Fox Scholarship Fund sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within PA. Charities of a similar size with the same main cause include Carroll County Food Pantry Inc ($82k), San Bernardino Railroad Historical Society ($82k) and Meeker County Historical Society ($82k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 13% of the total. At year end it held assets of $1.1m against liabilities of $14k, net assets of $1.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.