Joseph Ferriso Memorial Scholarship Fund Inc

Analysis

Joseph Ferriso Memorial Scholarship Fund Inc is a registered charity in United States, based in Copiague, NY. It received its IRS tax-exemption ruling in July 2016, 10 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, Joseph Ferriso Memorial Scholarship Fund Inc reported income of $84k and spending of $53k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $79k to $84k (+6.0%), an average of +6.0% a year. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Joseph Ferriso Memorial Scholarship Fund Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within NY. Charities of a similar size with the same main cause include Kids Company Inc ($84k), Greater Houston Off Road Biking Association Inc ($84k) and Parent Booster USA Inc ($84k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $198k against liabilities of $0, net assets of $198k.