Art Rooney Scholarship Fund

Analysis

Art Rooney Scholarship Fund is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in November 1990, 36 years ago. 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 December 2023, Art Rooney Scholarship Fund reported income of $209k and spending of $99k, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $116k to $209k (+80%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 181%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Art Rooney Scholarship Fund sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within PA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($209k), T Ai Chi Foundation Inc ($209k) and Churchville Recreation Council Inc ($209k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% of the total. At year end it held assets of $712k against liabilities of $90k, net assets of $622k.