Hendrick Scholarship Foundation

Analysis

Hendrick Scholarship Foundation is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in August 1991, 35 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 June 2022, Hendrick Scholarship Foundation reported income of $578k and spending of $299k, leaving 48% of income unspent that year. Across the 4 years on record, from December 2019 to June 2022, income grew from $302k to $578k (+91%), an average of +24% a year. The sharpest change came in the year to June 2022, when income rose by 123%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hendrick Scholarship Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Trinity Classical School Inc ($578k), Northern Valley Harm Reduction Coalition ($578k) and Alliance of Early Childhood Professionals ($578k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 67% of the total. Other salaries and wages came to $70k. It paid $6,827 in professional fundraising fees. At year end it held assets of $723k against liabilities of $841, net assets of $722k. It reported 3 employees.