Fountain Endowed Legacy Scholarship Fund

Analysis

Fountain Endowed Legacy Scholarship Fund is a registered charity in United States, based in Miramar, FL. It received its IRS tax-exemption ruling in March 2022, 4 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, Fountain Endowed Legacy Scholarship Fund reported income of $84k and spending of $7,743, leaving 91% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $60k to $84k (+38%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 44% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fountain Endowed Legacy Scholarship Fund sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 36th percentile within FL. Charities of a similar size with the same main cause include American Black Belt Academy ($84k), Camp Ridgecrest Alumni & Friends Inc ($84k) and Association for Collaborative Leadership Inc ($83k).

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 $80k against liabilities of $0, net assets of $80k.