Robert W Sorrell Scholarship Fund

Analysis

Robert W Sorrell Scholarship Fund is a registered charity in United States, based in Elkins Park, PA. It received its IRS tax-exemption ruling in July 2006, 20 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, Robert W Sorrell Scholarship Fund reported income of $142k and spending of $72k, leaving 49% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $97k to $142k (+46%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 54% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Robert W Sorrell Scholarship Fund sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within PA. Charities of a similar size with the same main cause include Southwest Virginia Higher Education Center Foundation ($142k), El Reno Public School Foundation Inc ($142k) and Antioch Elementary PTO ($142k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. It paid $22k in professional fundraising fees. At year end it held assets of $632k against liabilities of $63k, net assets of $569k.