Swapa Scholarship Fund

Analysis

Swapa Scholarship Fund is a registered charity in United States, based in Irving, TX. It received its IRS tax-exemption ruling in December 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Swapa Scholarship Fund reported income of $222k and spending of $140k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $187k to $222k (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2023, when income rose by 18%. 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, Swapa Scholarship Fund sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within TX. Charities of a similar size with the same main cause include Bhuvana Foundation Tennessee ($222k), Des Moines North High School Booster Club ($222k) and North Beach Elementary PTA Seattle Council 6 15 255 ($222k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $730k against liabilities of $74k, net assets of $656k.