Community Scholarship Fund of Glen Cove Inc

Analysis

Community Scholarship Fund of Glen Cove Inc is a registered charity in United States, based in Glen Cove, NY. It received its IRS tax-exemption ruling in June 1957, 69 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, Community Scholarship Fund of Glen Cove Inc reported income of $98k and spending of $75k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $181k to $98k (-46%), an average of -14% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 52% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Community Scholarship Fund of Glen Cove Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within NY. Charities of a similar size with the same main cause include Faith Walk Community of the Mid-South ($98k), Cottonwood Creek Parent Faculty Club ($98k) and Yep Kansas City ($98k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.