Scholarship FDN of St Joseph County Inc

Analysis

Scholarship FDN of St Joseph County Inc is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in October 1961, 65 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 June 2024, Scholarship FDN of St Joseph County Inc reported income of $369k and spending of $499k, spending 135% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $694k to $369k (-47%), an average of -15% a year. The sharpest change came in the year to June 2021, when income dropped by 57%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Scholarship FDN of St Joseph County Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within IN. Charities of a similar size with the same main cause include Islamic University of Minnesota ($369k), Cascade Montessori Middle School ($369k) and Riley Johns Blue Boot Foundation ($369k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 53% and program service revenue 2.3% of the total. Other salaries and wages came to $61k. At year end it held assets of $9.4m against liabilities of $2,838, net assets of $9.4m. It reported 1 employees.