Balboa Bay Club Scholarship Fund

Analysis

Balboa Bay Club Scholarship Fund is a registered charity in United States, based in Newport Beach, CA. It received its IRS tax-exemption ruling in August 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 March 2023, Balboa Bay Club Scholarship Fund reported income of $75k and spending of $115k, spending 154% of what it took in. Across the 2 years on record, from March 2022 to March 2023, income grew from $62k to $75k (+21%), an average of +21% a year. The sharpest change came in the year to March 2023, when income rose by 21%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Balboa Bay Club Scholarship Fund sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 31st percentile within CA. Charities of a similar size with the same main cause include Rotary Club of Falmouth Cape Cod Inc ($75k), Global Shout ($75k) and American Friends of Justifi Inc ($75k).

On its Form 990-EZ for the period ending March 2023, revenue came from contributions and grants 67% of the total. At year end it held assets of $368k against liabilities of $0, net assets of $368k.