Iuoe Local 150 Scholarship Fund Inc

Analysis

Iuoe Local 150 Scholarship Fund Inc is a registered charity in United States, based in Countryside, IL. It received its IRS tax-exemption ruling in October 2009, 17 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 May 2023, Iuoe Local 150 Scholarship Fund Inc reported income of $199k and spending of $270k, spending 136% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $524k to $199k (-62%), an average of -22% a year. The sharpest change came in the year to May 2020, when income dropped by 39%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Iuoe Local 150 Scholarship Fund Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within IL. Charities of a similar size with the same main cause include Napa Womens Center ($199k), Sjumc Thrift Shop Inc ($199k) and Society of St Vincent de Paul St Maximillian Kolbe Conference Inc ($199k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 65% of the total. At year end it held assets of $2.5m against liabilities of $613k, net assets of $1.9m.