The Contreras Family Scholarship Fund

Analysis

The Contreras Family Scholarship Fund is a registered charity in United States, based in Bakersfield, CA. It received its IRS tax-exemption ruling in June 1992, 34 years ago. 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, The Contreras Family Scholarship Fund reported income of $55k and spending of $44k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $59k to $55k (-7.5%), an average of -7.5% a year. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Contreras Family Scholarship Fund sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within CA. Charities of a similar size with the same main cause include Sunflower River Blues Association Inc ($55k), Senior Citizens Center Inc ($55k) and Appleton Macdowell Male Chorus Inc ($55k).

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 $143k against liabilities of $0, net assets of $143k.