Linda Lorelle Scholarship Fund Inc

Analysis

Linda Lorelle Scholarship Fund Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in September 1997, 29 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 2023, Linda Lorelle Scholarship Fund Inc reported income of $81k and spending of $44k, leaving 46% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $52k to $81k (+55%), an average of +55% a year. The sharpest change came in the year to June 2023, when income rose by 55%. Over the whole period it spent 49% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Linda Lorelle Scholarship Fund Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within TX. Charities of a similar size with the same main cause include Bulgarian Cultural Club in Seattle Wa ($81k), Straight Way of Grace Ministry Inc ($81k) and Farragut Middle School PTO ($81k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $146k against liabilities of $46k, net assets of $101k.