Cape Coral Mayors Scholarship Fund Inc

Analysis

Cape Coral Mayors Scholarship Fund Inc is a registered charity in United States, based in Cape Coral, FL. It received its IRS tax-exemption ruling in August 1995, 31 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 August 2023, Cape Coral Mayors Scholarship Fund Inc reported income of $86k and spending of $69k, spending 81% of its income. Across the 3 years on record, from August 2019 to August 2023, income grew from $47k to $86k (+84%), an average of +36% a year. The sharpest change came in the year to August 2022, when income rose by 42%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cape Coral Mayors Scholarship Fund Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 36th percentile within FL. Charities of a similar size with the same main cause include Clackamas Bookshelf ($86k), El Rito Public Library ($86k) and Union City Schools PTO Inc ($86k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. At year end it held assets of $38k against liabilities of $0, net assets of $38k.