Fred Zulfa Memorial Scholarship Fund

Analysis

Fred Zulfa Memorial Scholarship Fund is a registered charity in United States, based in San Jose, CA. 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, Fred Zulfa Memorial Scholarship Fund reported income of $86k and spending of $70k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $68k to $86k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fred Zulfa Memorial Scholarship Fund sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within CA. Charities of a similar size with the same main cause include Bel Aire Park Family Faculty Club ($86k), Jeffersonville High School Instrumental Band Boosters Inc ($86k) and Uta Jerome Nerman Family Foundation ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $88k against liabilities of $0, net assets of $88k.