Michael G Santangelo Jr Scholarship Fund

Analysis

Michael G Santangelo Jr Scholarship Fund is a registered charity in United States, based in White Plains, NY. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Michael G Santangelo Jr Scholarship Fund reported income of $165k and spending of $162k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $83k to $165k (+100%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 115%. Over the whole period it spent 67% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Michael G Santangelo Jr Scholarship Fund sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include Blackhawk Chours ($165k), Four County Electric Care TR Inc ($165k) and Lapsi Foundation Inc ($165k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $1.3m against liabilities of $2,505, net assets of $1.3m.