Scholarship Foundation of Indian River County Inc

Analysis

Scholarship Foundation of Indian River County Inc is a registered charity in United States, based in Vero Beach, FL. It received its IRS tax-exemption ruling in February 2014, 12 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 2023, Scholarship Foundation of Indian River County Inc reported income of $1.7m and spending of $782k, leaving 55% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.7m (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2021, when income rose by 91%. Over the whole period it spent 52% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Scholarship Foundation of Indian River County Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Cow Camp Caridades ($1.7m), Fannie E Taylor Home for the Aged of South Jacksonville Inc ($1.7m) and Habitat for Humanity Lake County Ca Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% of the total. Other salaries and wages came to $93k. At year end it held assets of $13.1m against liabilities of $152k, net assets of $12.9m. It reported 2 employees.