Teamsters Local 728 Scholarship Fund Inc

Analysis

Teamsters Local 728 Scholarship Fund Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in November 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 (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, Teamsters Local 728 Scholarship Fund Inc reported income of $574k and spending of $39k, leaving 93% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $506k to $574k (+14%), an average of +4.3% a year. The sharpest change came in the year to December 2023, when income rose by 567%. Over the whole period it spent 9.4% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Teamsters Local 728 Scholarship Fund Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within GA. Charities of a similar size with the same main cause include Jeremy Elliott Scholarship Foundation ($574k), Charlotte Mason Institute Inc ($574k) and Farm Commons ($574k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 87% of the total. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.