TK Scholarship Fund

Analysis

TK Scholarship Fund is a registered charity in United States, based in Oakland, NJ. It received its IRS tax-exemption ruling in May 2016, 10 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, TK Scholarship Fund reported income of $86k and spending of $103k, spending 119% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $141k to $86k (-39%), an average of -39% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, TK Scholarship Fund sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 41st percentile within NJ. Charities of a similar size with the same main cause include Providence Senior High School Band Booster Club ($86k), One Child ($86k) and Sunflower Initiative Inc ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 11% of the total. At year end it held assets of $90k against liabilities of $0, net assets of $90k.