Joseph M Sheetz Scholarship Fund Inc

Analysis

Joseph M Sheetz Scholarship Fund Inc is a registered charity in United States, based in Altoona, PA. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Joseph M Sheetz Scholarship Fund Inc reported income of $278k and spending of $110k, leaving 60% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.1m to $278k (-95%), an average of -54% a year. The sharpest change came in the year to December 2021, when income rose by 550%. Over the whole period it spent 6.6% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Joseph M Sheetz Scholarship Fund Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within PA. Charities of a similar size with the same main cause include Glenwood School PTO Inc ($278k), Father Yermo Schools Capital Campaign Inc ($278k) and Elevents LLC ($278k).

At year end it held assets of $31.9m against liabilities of $0, net assets of $31.9m.