Peninsula Hawks Scholarship Fund

Analysis

Peninsula Hawks Scholarship Fund is a registered charity in United States, based in Gig Harbor, WA. It received its IRS tax-exemption ruling in July 1992, 34 years ago. 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, Peninsula Hawks Scholarship Fund reported income of $738k and spending of $605k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $329k to $738k (+124%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Peninsula Hawks Scholarship Fund sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within WA. Charities of a similar size with the same main cause include Virginia Polo Inc ($738k), Morristown Hamblen Central Services ($738k) and Fairbank Community Daycare Center ($737k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% of the total. Other salaries and wages came to $113k. At year end it held assets of $1.1m against liabilities of $2,959, net assets of $1.1m. It reported 9 employees.