Sema Memorial Scholarship Fund

Analysis

Sema Memorial Scholarship Fund is a registered charity in United States, based in Diamond Bar, CA. It received its IRS tax-exemption ruling in July 1992, 34 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sema Memorial Scholarship Fund reported income of $274k and spending of $370k, spending 135% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $400k to $274k (-32%), an average of -9.0% a year. The sharpest change came in the year to June 2021, when income rose by 121%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sema Memorial Scholarship Fund sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Daring Girls ($274k), Education Across Borders ($274k) and Parent Booster USA Inc ($274k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% of the total. At year end it held assets of $2.5m against liabilities of $117k, net assets of $2.4m.