James P Lang Scholarship Fund

Analysis

James P Lang Scholarship Fund is a registered charity in United States, based in Inverness, IL. It received its IRS tax-exemption ruling in January 2002, 24 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, James P Lang Scholarship Fund reported income of $80k and spending of $84k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $71k to $80k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2020, when income rose by 20%. 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, James P Lang Scholarship Fund sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 32nd percentile within IL. Charities of a similar size with the same main cause include Western Heritage Lutheran Academy ($80k), Berwick Library Association ($80k) and Awakenhaiti ($80k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $105k against liabilities of $0, net assets of $105k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.