Devin Lomax Bolkcom Smith Scholarship Fund

Analysis

Devin Lomax Bolkcom Smith Scholarship Fund is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in April 2012, 14 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, Devin Lomax Bolkcom Smith Scholarship Fund reported income of $138k and spending of $91k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $172k to $138k (-20%), an average of -5.3% a year. The sharpest change came in the year to December 2022, when income rose by 90%. Over the whole period it spent 56% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Devin Lomax Bolkcom Smith Scholarship Fund sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within MN. Charities of a similar size with the same main cause include Friends of Amundsen ($138k), Manchaug Pond Foundation Inc ($138k) and Business & Ministry Initiatives LLC ($138k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $710k against liabilities of $20k, net assets of $690k.