Loa Scholarship Fund

Analysis

Loa Scholarship Fund is a registered charity in United States, based in Teasdale, UT. It received its IRS tax-exemption ruling in July 2013, 13 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2022, Loa Scholarship Fund reported income of $120k and spending of $179k, spending 149% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income fell from $900k to $120k (-87%), an average of -64% a year. The sharpest change came in the year to December 2022, when income dropped by 91%. Over the whole period it spent 82% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Loa Scholarship Fund sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within UT. Charities of a similar size with the same main cause include Bullard Cal Ripken Baseball ($120k), Arman N Roy Foundation ($120k) and Exeter Youth Soccer Association ($120k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $426k against liabilities of $9,325, net assets of $417k.