South Port Square Scholarship Fund Inc

Analysis

South Port Square Scholarship Fund Inc is a registered charity in United States, based in Port Charlotte, FL. 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 December 2023, South Port Square Scholarship Fund Inc reported income of $71k and spending of $32k, leaving 55% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $493k to $71k (-86%), an average of -62% a year. The sharpest change came in the year to December 2022, when income dropped by 87%. Over the whole period it spent 12% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, South Port Square Scholarship Fund Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 31st percentile within FL. Charities of a similar size with the same main cause include Alaska Federation of Filipino Americans Inc ($71k), Anaheim Police Survivors and Scholarship Fund ($71k) and Coulter Grove PTC ($71k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $712k against liabilities of $0, net assets of $712k.