Joseph Scholarship Foundation Inc

Analysis

Joseph Scholarship Foundation Inc is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in May 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, Joseph Scholarship Foundation Inc reported income of $87k and spending of $30k, leaving 66% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $549k to $87k (-84%), an average of -60% a year. The sharpest change came in the year to December 2023, when income rose by 376%. Over the whole period it spent 11% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Joseph Scholarship Foundation Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within NY. Charities of a similar size with the same main cause include Summerlake Elementary School PTO ($87k), Hongfan Chinese Academy Inc ($87k) and Springboro Amateur Wrestling ($87k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $581k against liabilities of $0, net assets of $581k.