Scholarship Fund Grand Lodge Af & Am of Virginia

Analysis

Scholarship Fund Grand Lodge Af & Am of Virginia is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in August 1980, 46 years ago. 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, Scholarship Fund Grand Lodge Af & Am of Virginia reported income of $185k and spending of $83k, leaving 55% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $525k to $185k (-65%), an average of -23% a year. The sharpest change came in the year to December 2021, when income rose by 977%. Over the whole period it spent 20% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Scholarship Fund Grand Lodge Af & Am of Virginia sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within VA. Charities of a similar size with the same main cause include Little League Baseball Inc ($185k), Columbine High School Band & Booster Club Inc ($185k) and Kandiyohi County Historical Society ($185k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.3% of the total. At year end it held assets of $2.3m against liabilities of $0, net assets of $2.3m.