Matthew J Deluca-Dominic Olivo Scholarship Fund

Analysis

Matthew J Deluca-Dominic Olivo Scholarship Fund is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in November 1992, 34 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, Matthew J Deluca-Dominic Olivo Scholarship Fund reported income of $89k and spending of $31k, leaving 65% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $181k to $89k (-51%), an average of -16% a year. The sharpest change came in the year to December 2022, when income rose by 191%. Over the whole period it spent 22% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Matthew J Deluca-Dominic Olivo Scholarship Fund sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within OH. Charities of a similar size with the same main cause include Thomas Worthington and Worthington Kilbourne Ice Hockey Boosters ($89k), Womens Board of Pittsburgh ($89k) and Edgewood Band Boosters Association ($89k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.