Laborers Local 270 Scholarship Committee

Analysis

Laborers Local 270 Scholarship Committee is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in January 2018, 8 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, Laborers Local 270 Scholarship Committee reported income of $84k and spending of $51k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $57k to $84k (+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 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Laborers Local 270 Scholarship Committee 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 34th percentile within CA. Charities of a similar size with the same main cause include Aurora All Sports Boosters ($84k), Parent Booster USA Inc ($84k) and Freeport Area School Foundation ($84k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $164k against liabilities of $0, net assets of $164k.