Dolphin Scholarship Foundation

Analysis

Dolphin Scholarship Foundation is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in January 1992, 34 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 June 2024, Dolphin Scholarship Foundation reported income of $710k and spending of $724k, spending 102% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $510k to $710k (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2022, when income rose by 50%. 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, Dolphin Scholarship Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within VA. Charities of a similar size with the same main cause include Ben Colorado Inc ($710k), Teachaiti ($710k) and Multi-Specialty Foundation for Facial Aesthetic Surgery Inc ($709k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 68% of the total. Compensation of current officers, directors and key employees was $95k (13% of expenses). Other salaries and wages came to $60k. At year end it held assets of $8.4m against liabilities of $55k, net assets of $8.3m. It reported 6 employees.