Kip Nininger Scholarship Fund

Analysis

Kip Nininger Scholarship Fund is a registered charity in United States, based in Troutville, VA. It received its IRS tax-exemption ruling in January 2023, 3 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Kip Nininger Scholarship Fund reported income of $98k and spending of $61k, leaving 38% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $25k to $98k (+291%), an average of +290% a year. The sharpest change came in the year to December 2023, when income rose by 291%. Over the whole period it spent 70% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Kip Nininger Scholarship Fund sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within VA. Charities of a similar size with the same main cause include New Palestine Cadet Football League ($98k), Virginia Venom Travel Organization ($98k) and Lima Locos Inc ($98k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $104k against liabilities of $0, net assets of $104k.