Darcy Akers Ormond Beach Rotary Scholarship Fund Inc

Analysis

Darcy Akers Ormond Beach Rotary Scholarship Fund Inc is a registered charity in United States, based in Ormond Beach, FL. It received its IRS tax-exemption ruling in October 1989, 37 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, Darcy Akers Ormond Beach Rotary Scholarship Fund Inc reported income of $94k and spending of $46k, leaving 52% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $69k to $94k (+36%), an average of +6.4% a year. The sharpest change came in the year to December 2021, when income rose by 183%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Darcy Akers Ormond Beach Rotary Scholarship Fund Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 39th percentile within FL. Charities of a similar size with the same main cause include Bloomington Public Schools District 87 Foundation Inc ($94k), Hastings Show Choir Booster Association Inc ($94k) and Montana Tech Alumni Association ($94k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% of the total. At year end it held assets of $1.3m against liabilities of $143, net assets of $1.3m.