International Brotherhood of Teamsters Scholarship Fund

Analysis

International Brotherhood of Teamsters Scholarship Fund is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, International Brotherhood of Teamsters Scholarship Fund reported income of $3.1m and spending of $142k, leaving 95% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $2.0m to $3.1m (+53%), an average of +53% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 2.8% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, International Brotherhood of Teamsters Scholarship Fund sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 73rd percentile within DC. Charities of a similar size with the same main cause include Childrens Reading Center Inc ($3.1m), Impact Florida Inc ($3.1m) and Constructing Hope Pre- Apprenticeship Program ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% of the total. At year end it held assets of $5.1m against liabilities of $188k, net assets of $4.9m.