Friends of Randolph Scholars

Analysis

Friends of Randolph Scholars is a registered charity in United States, based in Randolph, MN. 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, Friends of Randolph Scholars reported income of $103k and spending of $78k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $104k to $103k (-1.3%), an average of -1.3% a year. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Randolph Scholars sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 35th percentile within MN. Charities of a similar size with the same main cause include Wildflower Foundation ($103k), West Florence All Sports Booster Club ($103k) and Imagina Childrens Foundation Inc ($103k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $381k against liabilities of $9,000, net assets of $372k.