Elkhart City Bar Association Scholarship Foundation

Analysis

Elkhart City Bar Association Scholarship Foundation is a registered charity in United States, based in Elkhart, IN. It received its IRS tax-exemption ruling in March 1967, 59 years ago. 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, Elkhart City Bar Association Scholarship Foundation reported income of $124k and spending of $7,848, leaving 94% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $22k to $124k (+462%), an average of +462% a year. The sharpest change came in the year to December 2023, when income rose by 462%. Over the whole period it spent 5.8% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Elkhart City Bar Association Scholarship Foundation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within IN. Charities of a similar size with the same main cause include Alternatives Foundation Incorporated ($124k), Deer River Volunteer Firemens Relief Association ($124k) and Lawrence County Memorial Hospital Endowment and Development Foundati ($124k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $562k against liabilities of $0, net assets of $562k.