Local 15 Operating Engineers Scholarship Fund

Analysis

Local 15 Operating Engineers Scholarship Fund is a registered charity in United States, based in Long Is City, NY. It received its IRS tax-exemption ruling in August 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 June 2023, Local 15 Operating Engineers Scholarship Fund reported income of $136k and spending of $115k, spending 84% of its income. Across the 2 years on record, from September 2022 to June 2023, income grew from $33k to $136k (+311%), an average of +311% a year. The sharpest change came in the year to June 2023, when income rose by 311%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Local 15 Operating Engineers Scholarship Fund sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NY. Charities of a similar size with the same main cause include Together Making Changes Corporation ($136k), The Winnetka Public Schools Foundation ($136k) and Scotchtown Avenue Parent Teacher Organization ($136k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $33k against liabilities of $9,010, net assets of $24k.