Unite Here Local 274 Scholarship Fund

Analysis

Unite Here Local 274 Scholarship Fund is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 2014, 12 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, Unite Here Local 274 Scholarship Fund reported income of $585k and spending of $502k, spending 86% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $398k to $585k (+47%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Unite Here Local 274 Scholarship Fund sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within PA. Charities of a similar size with the same main cause include Childrens House Montessori Inc ($585k), NW Collegiate Ministries ($585k) and Mason Band Boosters Inc ($585k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $649k against liabilities of $0, net assets of $649k.