George Snow Scholarship Fund Inc

Analysis

George Snow Scholarship Fund Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in May 2001, 25 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 2022, George Snow Scholarship Fund Inc reported income of $3.6m and spending of $3.6m, spending 101% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $2.4m to $3.6m (+52%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, George Snow Scholarship Fund Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Casa de Esperanza de Los Ninos Incorporated ($3.6m), Bloom Community Services ($3.6m) and Kenosha Area Family and Aging Services Inc ($3.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 106% and program service revenue 3.4% of the total. Other salaries and wages came to $442k. At year end it held assets of $9.0m against liabilities of $3.7m, net assets of $5.2m. It reported 8 employees.