Joe Alexander Scholarship Foundation

Analysis

Joe Alexander Scholarship Foundation is a registered charity in United States, based in Bakersfield, CA. It received its IRS tax-exemption ruling in February 1977, 49 years ago. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Joe Alexander Scholarship Foundation reported income of $64k and spending of $21k, leaving 67% of income unspent that year. Across the 4 years on record, from June 2019 to June 2022, income grew from $61k to $64k (+4.2%), an average of +1.4% a year. The sharpest change came in the year to June 2022, when income rose by 174%. Over the whole period it spent 37% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Joe Alexander Scholarship Foundation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within CA. Charities of a similar size with the same main cause include Association of Fundraising Professionals ($64k), Higher Power Sports ($64k) and Abokin Inc ($64k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 3.9% of the total. At year end it held assets of $669k against liabilities of $0, net assets of $669k.