Ila Local 1408 Scholarship Fund Port of Jacksonville Inc

Analysis

Ila Local 1408 Scholarship Fund Port of Jacksonville Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in September 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ila Local 1408 Scholarship Fund Port of Jacksonville Inc reported income of $55k and spending of $53k, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $42k to $55k (+31%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 53%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ila Local 1408 Scholarship Fund Port of Jacksonville Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 25th percentile within FL. Charities of a similar size with the same main cause include Littleton Rotary Charitable Fund Inc ($55k), Sharing Our Love Rialto Unified School District ($55k) and Friends of Groveland PTO ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 142% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.