SRCC Scholarship Fund

Analysis

SRCC Scholarship Fund is a registered charity in United States, based in Northfield, IL. It received its IRS tax-exemption ruling in March 2008, 18 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 March 2024, SRCC Scholarship Fund reported income of $187k and spending of $194k, spending 104% of its income. Across the 5 years on record, from March 2020 to March 2024, income fell from $232k to $187k (-20%), an average of -5.3% a year. The sharpest change came in the year to March 2021, when income dropped by 33%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, SRCC 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 52nd percentile, and in the 52nd percentile within IL. Charities of a similar size with the same main cause include Indus Center for Academic Excellence ($186k), Redwood City Library Foundation ($187k) and McNary Athletic Booster Club ($186k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 98% of the total. At year end it held assets of $32k against liabilities of $0, net assets of $32k.