Iron Mountain Public School Scholarship Foundation

Analysis

Iron Mountain Public School Scholarship Foundation is a registered charity in United States, based in Marquette, MI. It received its IRS tax-exemption ruling in November 1999, 27 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, Iron Mountain Public School Scholarship Foundation reported income of $510k and spending of $282k, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $309k to $510k (+65%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 393%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Iron Mountain Public School Scholarship Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within MI. Charities of a similar size with the same main cause include Southwestern Ohio Instructional Technology Association Inc ($510k), Noor Academy Inc ($510k) and Accept the Challenge ($510k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% of the total. Compensation of current officers, directors and key employees was $930 (0.3% of expenses). At year end it held assets of $4.3m against liabilities of $0, net assets of $4.3m.