Ua Local 342 Scholarship Fund

Analysis

Ua Local 342 Scholarship Fund is a registered charity in United States, based in Concord, CA. It received its IRS tax-exemption ruling in September 2019, 7 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, Ua Local 342 Scholarship Fund reported income of $77k and spending of $33k, leaving 57% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $72k to $77k (+7.2%), an average of +7.2% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ua Local 342 Scholarship Fund sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within CA. Charities of a similar size with the same main cause include Riker Hill Home and School Association ($77k), Illinois Chemical Education Foundation ($77k) and Parent Booster USA Inc ($77k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $152k against liabilities of $0, net assets of $152k.