Bay Area Smacna Scholarship Trust Fund

Analysis

Bay Area Smacna Scholarship Trust Fund is a registered charity in United States, based in Pleasanton, CA. It received its IRS tax-exemption ruling in January 2002, 24 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, Bay Area Smacna Scholarship Trust Fund reported income of $185k and spending of $226k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $344k to $185k (-46%), an average of -14% a year. The sharpest change came in the year to December 2021, when income rose by 88%. Over the whole period it spent 123% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bay Area Smacna Scholarship Trust Fund sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include San Patricio Electric Education TR ($185k), Yorktown Band Boosters Inc ($185k) and Escucha Mi Voz Iowa Catholic Worker ($185k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.