Sommelier Scholarship Fund Inc

Analysis

Sommelier Scholarship Fund Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2021, 5 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, Sommelier Scholarship Fund Inc reported income of $155k and spending of $110k, leaving 29% of income unspent that year. The sharpest change came in the year to December 2023, when income rose by 167%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sommelier Scholarship Fund Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NY. Charities of a similar size with the same main cause include Foundation 191 ($155k), General McLane Foundation ($155k) and Howland Band Boosters Inc ($155k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $117k against liabilities of $0, net assets of $117k.