Dennis W Holder Scholarship Fund

Analysis

Dennis W Holder Scholarship Fund is a registered charity in United States, based in Montgomery, TX. It received its IRS tax-exemption ruling in October 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Dennis W Holder Scholarship Fund reported income of $218k and spending of $269k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $306k to $218k (-29%), an average of -8.1% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Dennis W Holder Scholarship Fund sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within TX. Charities of a similar size with the same main cause include Oakland School Education Foundation ($218k), Dui Victims Center of Kansas Inc ($218k) and Washington Mens Gymnastics Foundation ($218k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $85k. At year end it held assets of $657k against liabilities of $664, net assets of $657k. It reported 2 employees.