Zambias Scholarship Fund

Analysis

Zambias Scholarship Fund is a registered charity in United States, based in Bear River City, UT. It received its IRS tax-exemption ruling in March 2000, 26 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, Zambias Scholarship Fund reported income of $581k and spending of $530k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $480k to $581k (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2022, when income dropped by 24%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Zambias Scholarship Fund 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 71st percentile within UT. Charities of a similar size with the same main cause include Carnival Educational Fund Inc ($581k), Pleasant Valley Free Library ($581k) and Sunyit Student Association ($581k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $8,653 (1.6% of expenses). At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.