Toussaint L Hale Sr Scholarship and Benevolence Fund

Analysis

Toussaint L Hale Sr Scholarship and Benevolence Fund is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in July 1984, 42 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, Toussaint L Hale Sr Scholarship and Benevolence Fund reported income of $122k and spending of $97k, leaving 21% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $83k to $122k (+48%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Toussaint L Hale Sr Scholarship and Benevolence Fund sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within AL. Charities of a similar size with the same main cause include Friends of the Volcano School of Arts & Sciences ($122k), Oracle Schools Foundation ($122k) and Dougherty Valley High School Athletic Boosters Club ($122k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 17% of the total. At year end it held assets of $330k against liabilities of $0, net assets of $330k.