Scholarship Fund of Steamfitters

Analysis

Scholarship Fund of Steamfitters is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 1988, 38 years ago. Its declared purposes cover education, which this site groups under education and training. 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 April 2023, Scholarship Fund of Steamfitters reported income of $245k and spending of $161k, leaving 34% of income unspent that year. Across the 5 years on record, from April 2019 to April 2023, income grew from $165k to $245k (+48%), an average of +10% a year. The sharpest change came in the year to April 2022, when income rose by 273%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Scholarship Fund of Steamfitters sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within PA. Charities of a similar size with the same main cause include Aston Public Library ($245k), Raymond J Fisher Home and School Club Inc ($245k) and Highland Athletic Boosters ($245k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $716k against liabilities of $0, net assets of $716k.