Newark Community Scholarship Fund

Analysis

Newark Community Scholarship Fund is a registered charity in United States, based in Newark, CA. It received its IRS tax-exemption ruling in June 1965, 61 years ago. 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, Newark Community Scholarship Fund reported income of $87k and spending of $58k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $83k to $87k (+5.4%), an average of +5.4% a year. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Newark Community Scholarship Fund sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within CA. Charities of a similar size with the same main cause include Little League Baseball Inc ($87k), Evansville Youth Soccer League Inc ($87k) and Washington County Historical Society Inc ($87k).

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 $48k against liabilities of $0, net assets of $48k.