Local 295 851 Scholarship Fund

Analysis

Local 295 851 Scholarship Fund is a registered charity in United States, based in Valley Stream, NY. It received its IRS tax-exemption ruling in March 2011, 15 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, Local 295 851 Scholarship Fund reported income of $64k and spending of $58k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $60k to $64k (+5.9%), an average of +5.9% a year. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Local 295 851 Scholarship Fund sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 26th percentile within NY. Charities of a similar size with the same main cause include Poinsettia School Parent Teacher Organization ($64k), Four Points Scholarship Fund Inc ($64k) and Second Grace Inc ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $261k against liabilities of $0, net assets of $261k.