Spearman Scholarship Foundation

Analysis

Spearman Scholarship Foundation is a registered charity in United States, based in Spearman, TX. It received its IRS tax-exemption ruling in March 2020, 6 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 February 2024, Spearman Scholarship Foundation reported income of $51k and spending of $52k, spending 102% of its income. Across the 2 years on record, from February 2023 to February 2024, income fell from $60k to $51k (-14%), an average of -14% a year. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Spearman Scholarship Foundation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 20th percentile within TX. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($51k), Bullfish NFP ($51k) and California Association of Colleges of Nursing ($51k).

On its Form 990-EZ for the period ending February 2024, revenue came from contributions and grants 97% of the total. At year end it held assets of $33k against liabilities of $0, net assets of $33k.