Unit Scholarship Fund Inc

Analysis

Unit Scholarship Fund Inc is a registered charity in United States, based in Fort Bragg, NC. It received its IRS tax-exemption ruling in March 1995, 31 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, Unit Scholarship Fund Inc reported income of $766k and spending of $411k, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $677k to $766k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2022, when income dropped by 24%. Over the whole period it spent 46% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Unit Scholarship Fund Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within NC. Charities of a similar size with the same main cause include CS Academy ($766k), Blue Springs Swim Parents Club ($766k) and Sulamita Christian Academy ($766k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $6.8m against liabilities of $0, net assets of $6.8m.