Ole School Scholarship Fund

Analysis

Ole School Scholarship Fund is a registered charity in United States, based in Chesapeake, VA. It received its IRS tax-exemption ruling in July 2014, 12 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 December 2023, Ole School Scholarship Fund reported income of $253k and spending of $70k, leaving 73% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $61k to $253k (+319%), an average of +318% a year. The sharpest change came in the year to December 2023, when income rose by 319%. Over the whole period it spent 24% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ole School Scholarship Fund 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 59th percentile, and in the 58th percentile within VA. Charities of a similar size with the same main cause include Ranger Academic Enrichment Foundation Inc ($253k), California Association for the Education of Young Children ($253k) and North Coast Builders Exchange Community Fund ($253k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $430k against liabilities of $0, net assets of $430k.