Icasi Scholarship Fund Inc

Analysis

Icasi Scholarship Fund Inc is a registered charity in United States, based in Chesterland, OH. It received its IRS tax-exemption ruling in July 2010, 16 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, Icasi Scholarship Fund Inc reported income of $95k and spending of $23k, leaving 75% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $15k to $95k (+528%), an average of +528% a year. The sharpest change came in the year to December 2023, when income rose by 528%. Over the whole period it spent 28% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Icasi Scholarship Fund Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 36th percentile within OH. Charities of a similar size with the same main cause include Montgomery Education Foundation ($95k), Ottawa Hills Music and Theater Association Inc ($95k) and Psalt NK ($94k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 9.0% of the total. At year end it held assets of $144k against liabilities of $0, net assets of $144k.