Mayors Scholarship Fund

Analysis

Mayors Scholarship Fund is a registered charity in United States, based in Idaho Falls, ID. It received its IRS tax-exemption ruling in July 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 June 2024, Mayors Scholarship Fund reported income of $53k and spending of $49k, spending 92% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $50k to $53k (+6.3%), an average of +1.2% a year. The sharpest change came in the year to June 2021, when income rose by 230%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mayors Scholarship Fund sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 17th percentile within ID. Charities of a similar size with the same main cause include Btoba Scholarship Fund Inc ($53k), Partnership for Responsible Growth Inc ($53k) and Marblehead Veterans Middle School Parents Council Inc ($53k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 80% and program service revenue 4.7% of the total. Other salaries and wages came to $13k. At year end it held assets of $424k against liabilities of $77k, net assets of $347k. It reported 1 employees.