Florence Bernard-Alta Miller Scholarship Trust Fund

Analysis

Florence Bernard-Alta Miller Scholarship Trust Fund is a registered charity in United States, based in Lanham, MD. It received its IRS tax-exemption ruling in June 1991, 35 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, Florence Bernard-Alta Miller Scholarship Trust Fund reported income of $338k and spending of $150k, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $177k to $338k (+92%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 77%. Over the whole period it spent 48% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Florence Bernard-Alta Miller Scholarship Trust Fund sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within MD. Charities of a similar size with the same main cause include Institute Artes Liberales Foundation ($338k), Highland Foundation for Educational Excellence Inc ($338k) and Youth Justice Alliance ($338k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $2.3m against liabilities of $9,744, net assets of $2.3m.