James and Derek Hotsinpiller Memorial Scholarship Fund

Analysis

James and Derek Hotsinpiller Memorial Scholarship Fund is a registered charity in United States, based in Bridgeport, WV. It received its IRS tax-exemption ruling in June 2011, 15 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, James and Derek Hotsinpiller Memorial Scholarship Fund reported income of $92k and spending of $44k, leaving 53% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $41k to $92k (+123%), an average of +31% a year. The sharpest change came in the year to December 2022, when income rose by 76%. Over the whole period it spent 40% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, James and Derek Hotsinpiller Memorial Scholarship Fund sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 31st percentile within WV. Charities of a similar size with the same main cause include Alef University ($92k), Parent Booster USA Inc ($92k) and Animal Science Club at NC State ($92k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% of the total. At year end it held assets of $526k against liabilities of $0, net assets of $526k.