Jeffries Family Scholarship

Analysis

Jeffries Family Scholarship is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1985, 41 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 2023, Jeffries Family Scholarship reported income of $985k and spending of $725k, leaving 26% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $562k to $985k (+75%), an average of +15% a year. The sharpest change came in the year to June 2020, when income rose by 32%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Jeffries Family Scholarship sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Berlin Fire Company Inc ($985k), Southern Garrett County Rescue Squad Inc ($985k) and Chesapeake Care Inc ($985k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% of the total. At year end it held assets of $11.9m against liabilities of $32k, net assets of $11.9m.